The best explanation for the late 1994/early 1995 collapse of the Mexican peso and stock market is
A) free movement of capital internationally is destabilizing for a developing country.
B) portfolio investments were camouflaging overvalued exchange rates.
C) debt for equity swaps had created imbalances in the ownership structure of the economy.
D) the potential benefits of NAFTA had been oversold.
Correct Answer:
Verified
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A)MNC investment depends on tax
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