1. In an emerging market economy, a currency crisis can be triggered by two things: a deterioration of bank balance sheets and severe fiscal imbalances.

Select one:

a. True

b. False

3. In an emerging market economy, a financial crisis generally begins with

Select one:

a. an increase in uncertainty caused by failure of financial institutions.

b. all of the above.

c. asset pricing booms and busts.

d. mismanagement of financial liberalization or innovation.