The currency depreciations and the recessions during the Asian crisis did lead to improvement in the Asian countries' current account balances, largely through:

Question

Quizplus · Accepted Answer

Decreases in imports is the correct answer because during the Asian crisis, the currency depreciations made imports more expensive, leading to a decrease in imports and an improvement in the current account balances.

The Currency Depreciations and the Recessions During the Asian Crisis