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GoldRock talks about what is the currency crisis ~
The concept of currency crisis is narrow and broad.The narrow currency crisis is corresponding to a specific exchange rate system (usually a fixed currency crisis exchange rate system), and its meaning is that countries that implement a fixed exchange rate system are in a very passive case (such as in a very passive economic fundamentals or orIn the case of strong speculative attacks), the exchange rate system of the country is adjusted and the floating exchange rate system is implemented.The impact of exchange rate changes is difficult to control and tolerate. This phenomenon is the currency crisis.The general sense of currency crisis refers to the phenomenon that the exchange rate changes exceeded the phenomenon that a country can withstand.
In the era of globalization, as the connection between the national economy and the international economy is getting closer, and the exchange rate is the "bond" of this connection. Therefore, how to choose a suitable exchange rate system and implement supporting economic policies have become economic open conditions.Below, decision makers must consider important issues.
With the development of the market economy and the acceleration of globalization, the stagnation of economic growth is no longer the main reason for the currency crisis.A large number of studies of economists have shown that excessive exchange rates, huge deficits of frequent projects, decline in exports, and slowing economic activities are a precursor to a currency crisis.From the perspective of actual operation, the currency crisis is usually caused by bubble economic destruction, increased bank dysfunction, severe imbalances in international revenue and expenditure, too huge foreign debt, fiscal crisis, political turmoil, and dislocation of the government.
The trust of the people and investors in the government is the prerequisite for financial stability. At the same time, it has won the support of the people and investors. It is the basis for the government to effectively prevent and cope with the financial crisis.A large part of the Mexican pizza crisis was blamed on its political vulnerability. In 1994, the presidential candidate was assassinated and the turmoil in Chapas made the social economy in Mak.The hesitation of economic policy after the new government came to power, making foreign investors believe that Mexico may not seriously treat its government expenditure and international revenue and expenditure issues, which causes the crisis to cause the financial crisis; an important reason for the financial crisis of the Southeast Asian national crisis is that it isPolitical corruption, "skirt capitalism" has continuously breeds "internal transactions".crisis".
