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What is East Asian Financial Crisis: Exchange Rates about?
The document discusses the implications of the East Asian financial crisis on exchange rate management, highlighting the transition of affected countries from fixed to more flexible exchange rate regimes. It emphasizes the importance of maintaining competitiveness through appropriate adjustments to exchange rates and the challenges posed by external shocks and monetary policies. The analysis also explores optimal exchange rate regimes and the role of fiscal policy in stabilizing economies during crises.
- Author
- k62.2313340060
- Language
- EN