The emerging market crises of 1997-2002 were worsened because of rampant speculation. Do speculators cause such crisis

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The emerging market crises of 1997-2002 were worsened because of rampant speculation. Do speculators cause such crisis or do they simply respond to market signals of weakness? How can a government manage foreign exchange speculation?
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Multinational Business Finance

ISBN: 978-0133879872

14th edition

Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett

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