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Theoretically, since China exported similar products with ASAEN countries, the depreciation of yuan was considered increasing the Chinese export competitiveness at the expense of ASAEN countries. Therefore, several commentators such as Makin (1997), Bergsten (1997) and Glick (1998) argued that China’s preemptive devaluation in 1994 had significant effected the ASEAN countries’ exports and it was the first of a number of events leading to Asian currency crisis. However, many other economists such as Radelet & Sachs (1998), Fernald et al (1998), Liu et al (1998) and Kwan (1999) argued that the 1994 yuan depreciation was only a relatively unimportant contributor to the crisis...
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Common topics in this essay:
- 1994 Mexican Currency Crisis
- Chaos In The Currency Markets : Currency Crisis Of The Ems
- Chinese Yuan
- Critically examine why financial liberalisation brought financial crisis in most of the Asian countries but did not bring a crisis in either China or India.
- effect of China and its revaluation of yuan
- How Did The Appreciation Of The U.S Dollar And Depreciation Of The Yuan Affect The Timing And Magnitude Of The Asian Currency Crisis?
- Impact Of The Asian Currency Unit (Acu) On The East Asian Economies: Lessons From The European Monetary Unit (Emu).
- Soros And The European Currency Crisis
- south-east asian currency crisis
- Asian Crisis
- Asian Crisis
- Depreciation Methods
- The Parallel Currency Approach To Asian Monetary Integration
- Will chinese Yuan appreciation
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