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Chaos In The Currency Markets : Currency Crisis Of The EMS
Beginning of Essay
1. What does the crisis of September 1992 tell you about the relative abilities
of currency markets and national governments to influence exchange rates?
The currency markets and national governments both have abilities to
influence exchange rates. Like other fin .... Middle of Essay
.... exchange markets and indirect intervening by
affecting macro variables such as interest rates.
2. What does the crisis of September 1992 tell you about the weakness of fixed
exchange rate regimes?
From European currency crisis of September 1992, it shows us that there
are weakness of the fixed exchange rate system. When exchange rate are tied, a
high interest rate in one country has a strong influence on interest rates in
the other countries. Funds will flow to the country with a more attractive
interest rate, which reduces the supply of fund in the other countries and
places upward pressure on their interest rates. The flow of fund would continue
....
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Words: 827 - Pages: 4
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