oussama94
05-28-2017, 19:45
Falling like a set of dominos on July 2, 1997, the relatively nascent Asian
tiger economies created a perfect example in showing the interdependence
of global ******* markets and their subsequent effects throughout international
currency forums. Based on several fundamental breakdowns, the
cause of the contagion stemmed largely from shrouded lending practices,
inflated trade deficits, and immature ******* markets. Added together, the
factors contributed to a “perfect storm” that left major regional markets
incapacitated and once-prized currencies devalued to significantly lower
levels. With adverse effects easily seen in the equities markets, currency
market fluctuations were negatively impacted in much the same manner
during this time period.
tiger economies created a perfect example in showing the interdependence
of global ******* markets and their subsequent effects throughout international
currency forums. Based on several fundamental breakdowns, the
cause of the contagion stemmed largely from shrouded lending practices,
inflated trade deficits, and immature ******* markets. Added together, the
factors contributed to a “perfect storm” that left major regional markets
incapacitated and once-prized currencies devalued to significantly lower
levels. With adverse effects easily seen in the equities markets, currency
market fluctuations were negatively impacted in much the same manner
during this time period.