Currency Crises
From Dickinson College Wiki
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What is a currency crisis?
- "currency crises" are usually attacks on the domestic currency that end with a large fall in its value.
- 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.
- One or both can happen at once.
- What are the effects? (Ex: Thailand's Currency Crisis and Argentina's Currency Crisis)
- How is a currency crisis dealt with? (Ex: Thailand's Monetary Policy and Argentina's Monetary Policy)
- What are the global effects? (i.e. ripple effect, cause-and-effect chains)
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