It is designed to prevent and correct risky macroeconomic developments, such as high current account deficits, unsustainable external indebtedness and housing bubbles.
The current account deficit has been financed comfortably, most measures of external indebtedness show an improvement, and the dramatic increase in foreign exchange reserves tells its own story.
But even if he did, it wouldn't fix the underlying problem, which is one of lost competitiveness manifested in ever more intractable levels of external indebtedness.
