oussama94
05-28-2017, 23:17
The financial crisis of 1997–1998 revealed the interconnectivity of
economies and their effects on the global currency markets. Additionally,
it showed the inability of central banks to successfully intervene in
currency valuations when confronted with overwhelming market forces
along with the absence of secure economic fundamentals. Today, with the
under their belts, the Asian tigers now take active initiatives to ensure that
they have a large pot of reserves on hand in case speculators attempt to
attack their currencies once again.
economies and their effects on the global currency markets. Additionally,
it showed the inability of central banks to successfully intervene in
currency valuations when confronted with overwhelming market forces
along with the absence of secure economic fundamentals. Today, with the
under their belts, the Asian tigers now take active initiatives to ensure that
they have a large pot of reserves on hand in case speculators attempt to
attack their currencies once again.