'The Far East Crisis of 1997 and the Argentinian peso crisis of 2001 proved that fixed exchange...

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'The Far East Crisis of 1997 and the Argentinian peso crisis of 2001 proved that fixed exchange rates are unsustainable in a world denominated by global capital markets.'

(a) How did fixed exchange rates contribute to these crises?

(b) Why are fixed rates 'unsustainable in a world of global capital markets'?

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Principles Of Macroeconomics

ISBN: 9780465016150

1st Edition

Authors: Joseph G. Nellis, David Parker

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Question Posted: Nov 11, 2024 03:01 AM

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'The Far East Crisis of 1997 and the Argentinian peso crisis of 2001 proved that fixed exchange...

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Principles Of Macroeconomics

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