1. For various discussions , see , for example,Sachs(1997),Feldstein(1998),krugman(1998),stiglitz(1998),United nations Conference on trade and Development (1998;Chapter4),and stiglitz(2002)
2. See Vichyanond (2001,2002) for discussions of complications involved in debt restructuring.
3. Officially of course the central bank will almost always say that the exchange rate is determined by market forces.
4. If the target could not be met shortly after the system was introduced then it would be very difficult to establish credibility for the system.
5. For discussions of the status and directions of regional financial cooperation, see Sussangkarn and Vichyanond (2007)