The government also wants to guard the Taiwan dollar. Bureaucrats are implementing informal controls. The government has rendered the Taiwan dollar completely nontradeable.'' In these scary times, the government isn't beyond bailing out the politically connected. President Lee doesn't want to lose support in the runup to local elections in December. Not all is gloom and doom.
Corporations have little debt.
So a smaller version of Asia's bank crisis could play out in Taiwan. The safe haven is a lot less safe. The McGraw-Hill Companies Inc. All rights reserved.