The Mexican peso crisis is significant in that
A) it is perhaps the first serious international financial crisis touched off by cross-border flight of portfolio capital.
B) selling by international portfolio managers had a highly destabilizing,contagious effect on the world financial system.
C) it provides a cautionary tale that as the world's financial markets are becoming more integrated,this type of contagious financial crisis is likely to occur more often.
D) all of the options
Correct Answer:
Verified
Q87: Prior to the peso crisis,Mexico depended on
Q88: Advantages of a flexible exchange rate include
Q89: Advantages of a fixed exchange rate include
A)reduction
Q90: Generally speaking,liberalization of financial markets when combined
Q91: A booming economy with a fixed or
Q93: Another name for the incompatible trinity is
Q94: Which factors are related to the collapse
Q95: Consider the supply-demand framework for the British
Q96: A "good" (or ideal)international monetary system should
Q97: During the 1990s there
A)were three major currency
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