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What was the crisis during the American Revolution?
the American crisis was to discourage the patriots during the revolutinary
When does a currency crisis occur?
A currency crisis occurs when a country can no longer support the price of its currency in foreign-exchange markets under a fixed-exchange-rate system.
What is one alternative to a currency crisis?
One alternative to a currency crisis or to continuing to try to support a fixed exchange rate is to devalue unilaterally.
What is different between currency crisis and financial crisis?
Yes. Both refers to the same.
What is the way out of the current global crisis?
Stop borrowing money from the world bank, and each government needs to introduce their own currency that they control the printing presses to. Lowering taxes would definitely help too.
What are examples of sentences using the word divergent?
Ask ten economists how to deal with the financial crisis and you will receive divergent solutions and views.
What has the author Gujjula Yallamanda Reddy written?
Gujjula Yallamanda Reddy has written: 'Devaluations and general crisis of capitalism' -- subject(s): Devaluation of currency 'General crisis of capitalism and devaluations, inflation, monetary crisis' -- subject(s): Devaluation of currency, International finance
In a crisis not caused by macroeconomic imbalances economists are uncertain whether a country should try to guard against recession or try to defend its currency. Why are these mutually exclusive and?
In a crisis not driven by macroeconomic imbalances, prioritizing recession defense often involves implementing expansionary fiscal or monetary policies, which can lead to increased inflation or currency depreciation. Conversely, defending the currency typically requires contractionary measures, such as raising interest rates or cutting public spending, to restore confidence in the currency's value. These opposing strategies can create a dilemma, as efforts to stimulate the economy may undermine currency stability, while measures to defend the currency could exacerbate economic contraction. Thus, the choice between the two reflects a trade-off between short-term economic growth and long-term currency stability.
Should the government print more currency during an economic crisis?
No, because too much currency would lower its value and increase inflation more
What is the capitalism view on globalization?
Capitalism is the economic system that dominates the world today. Economics is a study that tries to understand how economies work, when economists today refer to the economy, they are referring to the capitalist system. Though economists only use the term "capitalism" on a more regular basis when it is in crisis.
Is printing money a solution for the crisis?
Not really, because then the money becomes worthless. For example, when Russia was struck by economic crisis after WW 1, it was actually more cost effective to burn their money than to pay for wood.
Do you think the standard imf policy prescriptions of tight monetary policy and reduced government spending are always appropriate for developing nations experiencing a currency crisis?
Do you think the standard IMF policy prescriptions of tight monetary policy and reduced government spending are always appropriate for developing nations experiencing a currency crisis
