ABSTRACT
As shown in the previous chapters, when prices are in volatile fluctuation with speculative capital movement, measures to make the market mechanism work well are sought. According to Strange (1998), it would be rather difficult for an individual country or for an international cooperation agreement to have effective regulations. We will not investigate here in this chapter whether Strange’s argument is plausible. However, it undoubtedly seems to be hard to adjust to the market response with international agreement.
