Balance-of-Payments Crises and Devaluation
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The collapse of a fixed exchange rate is typically marked by a sudden balance-of-payments crisis in which"speculators" fleeing from the domestic currency acquire a large portion of the central bank's foreign exchange holdings.Faced with such an attack, the central bank often withdraws temporarily
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美国国家经济研究局创建时间：
1983-04-01
