The currency crises in Mexico, Asia, and Russia are all attributed to

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The policies derived from the Washington Consensus, a set of economic policies promoted by the US government and international financial institutions, played a significant role in the currency crises in Mexico, Asia, and Russia. The policies advocated for free trade, deregulation, privatization, and reduced government spending, which led to economic liberalization but also exposed these economies to external shocks and fluctuations in global financial markets. This made them vulnerable to currency crises and other economic instabilities.

The Currency Crises in Mexico, Asia, and Russia Are All