Why do you think most crises in countries (such as the Asian crisis) cause the local currency

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Why do you think most crises in countries (such as the Asian crisis) cause the local currency to weaken abruptly? Is it because of trade 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 07:54 AM

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Why do you think most crises in countries (such as the Asian crisis) cause the local currency

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Capital flows have a larger influence In general crises tend to cause investors to expect th...View the full answer

International financial management

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