Why was China able to survive the 1997 Asian financial crisis without devaluing the yuan whereas most

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Why was China able to survive the 1997 Asian financial crisis without devaluing the yuan whereas most Asian countries had to massively devalue their currencies?

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International Corporate Finance Value Creation With Currency Derivatives In Global Capital Markets

ISBN: 9781119550464

2nd Edition

Authors: Laurent L. Jacque

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Question Posted: Mar 09, 2024 01:00 AM

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Why was China able to survive the 1997 Asian financial crisis without devaluing the yuan whereas most

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China was able to survive the 1997 Asian financial crisis without devaluing the yuan for several reasons 1 Managed Exchange Rate China had a managed e...View the full answer

International Corporate Finance Value Creation With Currency Derivatives In Global Capital Markets

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