The potential consequences of alternative exchange rate regimes – A study of three candidate regions: Comment

Comment on a paper by Eduard Hochreiter, Anton Korinek, and Pierre L. Siklos

It is a great pleasure for me to participate in this conference at the invitation of the University of Vienna where my father studied economics 65 years ago, in the fateful winter of 1937-38, as well as of two of my favorite central banks, the Österreichische Nationalbank and the Banco Central de Chile – two central banks whose economists are engaged in important research on a wide range of macroeconomic and monetary issues. It was also, indeed, a pleasure to read the massive paper by Eduard Hochreiter, Anton Korinek, and Pierre L. Siklos that I have been asked to discuss here.