We expanded the investment universe for internal portfolio managers to include Australia, China, Japan, South Korea and Sweden. Page 6 of 13  The aim of these changes was to include higher-yielding assets and high-quality commodity currencies.
It shows that our fixed-exchange-rate policy has not been an obstacle to stable economic development. This is contrary to economic theory about this subject. The article presents possible explanations of this apparent contradiction. One explanation is that in reality, stability is not jeopardised by external shocks, but rather by internal shocks in the form of inappropriate economic-policy changes.