Flashcard (Front and Back)

Front (Question)
currency crisis
Back (Answer)

a situation in which a weak currency experiences heavy selling pressure, also called a speculative attack.



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Other flashcards from SMU:ECO:4358:International Finance
demand-pull inflation       direct controls       expenditure-changing policies       expenditure-switching policies       external balance       fiscal policy       Group of 5 (G-5)       Group of Seven (G-7)       internal balance       international economic policy coordin...       monetary policy       overall balance       wage and price controls       adjustable pegged exchange rates       Bretton Woods system       capital controls       clean float       crawling peg       currency board       currency crashes       currency crisis       devaluation       dirty float      
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