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Cause the local currency to weaken abruptly

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Why do you think most crises in countries (such as the Asian crisis) cause the local currency to weaken abruptly? Is it because of trade or capital flows?

Reference no: EM131117496

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Cause the local currency to weaken abruptly : Why do you think most crises in countries (such as the Asian crisis) cause the local currency to weaken abruptly? Is it because of trade or capital flows?
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