Which of the following was LEAST likely to have caused the Mexican peso crisis of 1995?
A) a shortage of foreign currency reserves at the Mexican central bank
B) a weak economy
C) an inflated value of the peso caused by pegged exchange rates
D) short-term dollar borrowings by Mexican commercial banks and the government
E) All of the above contributed to the crisis
Correct Answer:
Verified
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Q22: The problem with a fixed exchange rate
Q24: Common elements in many currency crises include
Q25: The _ established the World Bank and
Q26: Financial aid packages provided by the IMF
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Q28: The _ of the IMF's Balance-of-Payments Statistics
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