Currency Crisis: currency crisis can not be defined in a universal sense .The forms are different in different times and regions, but most would agree that they all involve one key element: investors fleeing a currency en masse out of fear that it might be devalued, in turn fuelling the very devaluation they anticipated. Although such crises--the Latin American debt crisis of the 1980s, the speculations on European currencies in the early 1990s, and the ensuing Mexican, South American, and Asian crises--have played a central role in world affairs and continue to occur at an alarming rate, many questions about their causes and effects remain to be answered. In this wide-ranging volume, some of the best minds in economics focus on the historical and theoretical aspects of currency crises to investigate two fundamental issues:
What drives currency crises?
And what are the actual consequences to the real economy?
The Real Economy & its factors: Real economy is defined as......
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