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Asian financial cris

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Asian Financial Crisis | Economics Help The reasoning was that by stimulating the economy and staving off recession, governments could restore confidence while preventing economic loss. Soon it began depreciating significantly. Having largely kept itself above the fray throughout —, there was heavy speculation in the Western press that China would soon be forced to devalue its currency to protect the competitiveness of its exports vis-a-vis those of the ASEAN nations, whose exports became cheaper relative to China's. Today, however, Indonesia is well on its way to become a full democracy, albeit its a process that is accompanied by growing pains. In the Asian meltdown, highest IMF officials rationalized their prescribed high interest rates as follows:. In other projects Wikiquote. The Japanese yen fell to as mass selling began, but Japan was the world's largest holder of currency reserves at the time, so it was easily defended, and quickly bounced back.
Added: 04.01.2010 View: 686 Duration: 11:19
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