Was the depreciation of the Asian currencies during the Asian crisis due to trade flows or capital

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Was the depreciation of the Asian currencies during the Asian crisis due to trade flows or capital flows? Why do you think the degree of movement over a short period may depend on whether the reason is trade flows or capital flows?

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International financial management

ISBN: 978-0324593471

9th Edition

Authors: Jeff Madura

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Question Posted: Jun 04, 2012 07:42 AM

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Was the depreciation of the Asian currencies during the Asian crisis due to trade flows or capital

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International financial management

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