D Question 16 1 pts The moral hazard concerning the Asian financial crisis was in relation to O the belief that local banks and financial institutions with political connections would be bailed out none of the others O the belief that large domestic companies with political connections would be bailed out the belief that international lenders and investors would be bailed out O all of the othersD Question 15 1 pls Assume the Thai baht was expected to be devalued by 3% in 1 month on 1 July 1997. Then, the (annualised) Thai 1 month interest rate would have had to rise by -" in order to maintain zero capital outflows. 0 36 0 3 O more than 50 30 O 15D Question 20 1 pts Macroeconomic fundamentals in East Asia prior to 1997 O were sound but vulnerable to external shocks None of the others O were quite weak and consequently warranted a crisis O were sound showing steady and persistent current account surpluses O were strong due to highly profitable domestic investments