Question: International Fnance 1 a) Explain stabilizing speculation by sketching a diagram, 20 points b) Turkey has experienced a foreign exchange crisis in August 2018 when
International Fnance

1 a) Explain stabilizing speculation by sketching a diagram, 20 points b) Turkey has experienced a foreign exchange crisis in August 2018 when TL US Dollar rate soared What kind of speculation do you thunk the speculators have made when they expected even a further rise in IL US Dollar rate? Explain shortly 15 points
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