Your assignment is to prepare and submit a paper on economics: financial crisis in asia.
Your assignment is to prepare and submit a paper on economics: financial crisis in asia. It is remarkable that the role of economics in the modern world has increased tremendously. In every segment of the economy, finance enjoys a crucial role as it is the back bone of every business and economy. Currency crisis is considered as one of the major problems that the economic sector faces in the modern situation. Attributable to the financial crisis, a country suffers problems of various nature including issues like unemployment, inflation and the like. “Two theories of the causes of currency crises prevail in the economic literature. The first traces currency instability to countries’ structural imbalances and weak policies. the second identifies arbitrary shifts in market expectations as the principal source of instability” (Pesenti & Tille 2000).
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