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Essay

Asian Crisis

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Tammy B

 

Date added:

April 16, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 732

 

Was viewed:

5258 times

 

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Essay content:

The countries that are included in the East Asian crisis, known as "Tiger" economies, are Hong Kong, Indonesia, South Korea, Malaysia, the Philippines, Singapore, Taiwan and Thailand. For these countries to participate effectively in the exchange of goods, services, and assets, an international monetary system is needed to facilitate economic transactions...
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To be effective in facilitating movement in goods, services, and assets, a monetary system most importantly requires an efficient balance of payments adjustment mechanism so that deficits and surpluses are not prolonged but are eliminated with relative ease in a reasonably short time period. The Asian crisis of recent falls into this category of inefficient balance of payments facilitated by depreciation of its currency...
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