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Essay

Capital Account Convertibility

Essay specific features

 

Issue:

Business

 

Written by:

Kathryn C

 

Date added:

March 12, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1601

 

Was viewed:

5682 times

 

Rating of current essay:

 
Essay content:

As the U.S. economy recovered from a recession in the early 1990s, the U.S. Federal Reserve Bank under Alan Greenspan began to raise U.S. interest rates to head off inflation. This made the U.S. a more attractive investment destination relative to Southeast Asia, which had attracted hot money flows through high short-term interest rates, and raised the value of the U...
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dollar, to which many Southeast Asian nations' currencies were pegged, thus making their exports less competitive. At the same time, Southeast Asia's export growth slowed dramatically in the spring of 1996, deteriorating their current account position. The situation that followed is better known as South Asian crisis of 1997...
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General issues of this essay:
New account A Negative Current Account Ie A Cad, Is Bad For A Country But Investment There By Mnc Should'T Be Avoided account 325 Capital Account Convertibility In India Capital Account Convertibility Foreign Exchange Reserve Is the U.S. Current Account Sustainable Private Foreign Capital in India Vote On Account Reserve Bank Of India-Monetary Policy account glossary Capital Account Convertibility in India Current Account The Debate On Capital Account Convertibility In India US Current Account Analysis
 

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