Which of the exchange rate regime may peg the domestic currency to a single currency or a basket of currencies, but exchange rate is regularly adjusted? O soft peg flexible exchange rate hard peg crawling peg On the eve of the 1997 Asian financial Crisis, Thai Baht was subject to a speculative attack. As baht was plunging in its value in the intenational financial markets, which of the following led to the financial crisis? Thai external debt was denominated in a foreign currency increasing the value of debt in the local currency Thai external debt was denominated in a foeign currency decreasing the value of debt in the local currency Thai external debt was denominated in the domestic currency increasing the value of debt in local currency Thai external debt was denominated in the local currency decreasing the value of debt in local currency