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This led several observers to suggest that the crises were the result of self-fulfilling prophecies (i.e., the belief that the currency might be devalued led to speculative attacks on the currency which then forced the governments to devalue the currency even though fundamentals remained strong). However, many observers suggested, both before and (more often) after the crisis occurred, that there were visible problems with macroeconomic stability. The most noted weaknesses were: (i) large, and potentially unsustainable, current account deficits; (ii) rapid appreciation of currencies which were pegged to the dollar; and (iii) a slowdown in growth due to sectoral weakness (especially in semi-conductors) and stagnation in Japan...
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Common topics in this essay:
- THE FINANCIAL CRISES IN RUSSIA AND EAST ASIA
- Exchange Rate Mechanisms - Currency Hedging
- Simulation Based Pricing and controlling of currency hedged fixed income portfolios (german)
- Chaos In The Currency Markets : Currency Crisis Of The Ems
- Forward Currency Exchange Market
- Factors that Determine the Currency Exchange Rates
- south-east asian currency crisis
- Loans
- Equivocal Savings and Loans
- College Student Loans Skyrocket
- economic effects of the foreign exchange rate
- Foreign Exchange Rate Sensitivity and Stock Price
- Real Exchange Rate Stabilisation and Managed Floating: Exchange Rate Policy in
- Impact Of The Asian Currency Unit (Acu) On The East Asian Economies: Lessons From The European Monetary Unit (Emu).
- Non Performing Assets
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