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| We have an awesome webpage. We are so badass. Blah. (boredomboredomboredomboredom...)
| | <center>[[What_is_a_Currency_Crisis?| http://www.pride2.org/NewPrideSite/Asia/Lesson13/Falling.JPG]]</center> |
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| | | ==Overview== |
| <center><font size="+2">PAGE IN PROGRESS.</font></center>
| | This project is focused on currency crises, what they are, what effects they have on countries, and how they are dealt with. We have chosen Thailand and Argentina as good examples, as each affected the area around it, and they are on similar economic levels - both are emerging markets not yet on par with First World already-industrialized countries. |
| <hr> | | <hr> |
| LINDSEY'S CURRENCY CRISIS.DOC:<br>
| | Lindsey Hazel<br> |
| <br> | | Marie Efromson<br> |
| <b>Currency crisis:</b><br>
| | Rachel Finan<br> |
| | | Sayo Ayodele<br> |
| <u>Key terms:</u><br>
| | Jason Hillis |
| -appreciation<br>
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| -depreciation<br>
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| -currency speculation<br>
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| <u>How people estimate currency:</u><br>
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| -differences in inflation rates<br>
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| -deviations from purchasing powers<br>
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| -large account imbalances<br>
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| -stress on exchange rate<br>
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| <u>Floating vs. Fixed exchange rate:</u><br>
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| (with a fixed exchange rate economy is not flexible and will collapse easily)<br>
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| Speculatatice attack (aka currency crisis)<br>
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| <u>2 possible reasons for currency crisis:</u><br>
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| a. loss of reserves<br>
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| b. loss of public patience<br>
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| SOME economists argue that currency crisis are "self-fufilling" (ie, people cause them due to their withdrawl of funds)
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| <hr>
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| What is a currency crisis?
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| * "currency crises" are usually attacks on the domestic currency that end with a large fall in its value.
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| * As opposed to: "banking crises" refer to bank runs or other events that lead to closure, merger, takeover, or large-scale assistance by the government to financial institutions.
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| * One or both can happen at once.
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| * What are the effects? (Ex: [[Thailand's Currency Crisis]] and [[Argentina's Currency Crisis]])
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| * How is a currency crisis dealt with? (Ex: [[Thailand's Monetary Policy]] and [[Argentina's Monetary Policy]])
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| * What are the global effects? (i.e. ripple effect, cause-and-effect chains)
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| {{Currency Crisis Nav Bar}} | | {{Currency Crisis Nav Bar}} |
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| ~<br>
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| Lindsey, Rachel, Marie, Jason, Sayo
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| [[Intro to Macroeconomics Section 02| Back to Macro Main Page]] | | [[Intro to Macroeconomics Section 02| Back to Macro Main Page]] |
http://www.pride2.org/NewPrideSite/Asia/Lesson13/Falling.JPG
Overview
This project is focused on currency crises, what they are, what effects they have on countries, and how they are dealt with. We have chosen Thailand and Argentina as good examples, as each affected the area around it, and they are on similar economic levels - both are emerging markets not yet on par with First World already-industrialized countries.
Lindsey Hazel
Marie Efromson
Rachel Finan
Sayo Ayodele
Jason Hillis
Home Page | About Currency Crises
Thailand's Currency Crisis | Thailand's Currency Crisis: Effects | Thailand's Currency Crisis: Solutions
Argentina's Currency Crisis | Argentina's Currency Crisis: Effects | Argentina's Currency Crisis: Solutions
Currency Crises: Works Cited
Back to Macro Main Page
