This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: East Asia's crisis was relatively long lived because A) East Asia's financial institutions had ... (Read 141 times)

ghost!

  • Hero Member
  • *****
  • Posts: 560
on: Jun 30, 2018
East Asia's crisis was relatively long lived because
 
  A) East Asia's financial institutions had encouraged borrowing all together.
  B) East Asia's financial institutions had encouraged heavy borrowing in local currency.
  C) East Asia's financial institutions had extended low-interest loans.
  D) East Asia's financial institutions had extended high-interest loans.
  E) East Asia's financial institutions had encouraged heavy borrowing in dollars.

Question 2

During 1991, Argentina's monetary law had a currency board. Explain and give an example.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

akpaschal

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

The currency board is monetary base backed entirely by foreign currency and the central bank therefore held no domestic assets. An example of currency board is 100 foreign exchange backing for monetary base.


ghost!

  • Member
  • Posts: 560
Reply 2 on: Jun 30, 2018
Wow, this really help

ASDFGJLO

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

William A. Garnett, Erosion and Strip Farms, East Slope of the Tehachapi Mountains. William A. Garnett, Erosion and Strip Farms, East Slope of the Tehachapi Mountains.
Indentured Labor from Asia Indentured Labor from Asia
Ayurvedic massage. Long sweeping stroke from foot around shoulder and down the arm, recipient prone. Ayurvedic massage. Long sweeping stroke from foot around shoulder and down the arm, recipient prone.
Types of Long-Term Memories Types of Long-Term Memories
East Coast Estuaries East Coast Estuaries
These findings are from Colby and Kohlberg's long-term longitudinal study These findings are from Colby and Kohlberg's long-term longitudinal study
Video: Male Reproductive System - Testosterone

For a complete list of videos, visit our video library