Domestic Causes of Currency Crises: Policy Lessons for Crisis Avoidance
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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The recent currency crises in Latin America and Asia have hit countries with strong macroeconomic fundamentals but weak domestic financial systems. Private capital flows, attracted by disorderly financial liberalisation and exchange rate pegs, reversed abruptly when financial-sector weaknesses became apparent. Often, domestic financial systems...
