The authorities in Korea, Taiwan and Singapore also were already allowing fairly large fluctuations of their currencies in the course of 2004. 4  Bernanke, B S (2005), loc cit. 5  See Higgins, M/Klitgaard, T (2004), Reserve Accumulation: Implications for Global Capital Flows and Finanicial Marktes, Federal Reserve Bank of New York, Current Issues, Vol 10, No 10, September /October 2004.
Stanley Fischer: Issues of fiscal policy Summary of remarks by Professor Stanley Fischer, Governor of the Bank of Israel, at the Bank of Israel Research Department’s annual seminar, Jerusalem, 27 December 2012.