On exchange rates, for example, it is more sympathetic towards mixed systems - in contrast to the traditional belief that countries must choose between the extremes of a completely flexible system and a hard peg (of the kind that contributed so importantly to Argentina's woes).
Pour les taux de change, par exemple, il penche plus vers des systÃ¨mes mixtes, contrairement aux croyances traditionnelles qui poussent un pays Ã choisir entre des extrÃªmes : un systÃ¨me totalement flexible et un taux de change fixe (comme celui qui contribua aux malheurs de l'Argentine).