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Description
The 1990s witnessed several acute currency crises among developing nations that invariably spread to other nearby at-risk countries. These episodes—in Mexico, Thailand, South Korea, Russia, and Brazil—were all exacerbated by speculative foreign investments and high-volume movements of capital... read more
First Sentence
One of the most puzzling features of the recent balance-of-payments crises has been the simultaneous collapse of securities markets at regional and global levels.
Table of Contents
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