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 above.
Correct Answer:
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