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Question: The economic costs of currency crises appear to be larger in emerging markets and developing countries, than they are in advanced countries. Discuss why this is the case, citing the interaction between the currency crisis and the financial sector. In what ways do currency crises lead to banking crises in these countries? In what ways do banking crises spark currency crises?

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M92288763

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