Asia-Pacific Economic Update. Volume 1. Economic Strategy, Context and Performance

Abstract

Financial turmoil was prevalent throughout the 1990s. Financial crises broke out in Europe, Latin America, and Asia. (1) In Europe, German economic and monetary mistakes sharply clashed with a flawed process leading to European economic and monetary unity. (2) In Latin America, a high current account deficit and a rigid exchange rate regime in Mexico promoted financial chaos and a chaotic collapse of the peso. (3) Similarly, high current account deficits and rigid exchange rate regimes contributed to financial turbulence and a disorderly free-fall of Asian foreign exchange rates. Floating exchange rate regimes are needed to optimize free international capital markets.

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Document Details

Document Type
Technical Report
Publication Date
Jan 01, 2002
Accession Number
ADA405768

Tags

Communities of Interest

  • Advanced Electronics
  • Biomedical
  • Energy and Power Technologies
  • Human Systems
  • Weapons Technologies

DTIC Thesaurus Topics

  • Employment
  • Foreign Relations
  • Globalization
  • Humanitarian Assistance
  • International Organizations
  • International Relations
  • Investments
  • Market Economy
  • Money
  • National Governments
  • National Politics
  • National Security
  • Recreation
  • United States Government
  • United States Pacific Command
  • War Colleges
  • Warning Systems

Fields of Study

  • Economics

Readers

  • East Asian Political and Security Studies within the Soviet Union
  • Educational Psychology
  • International Relations and European Studies