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 246 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

kswal303

  • Member
  • Posts: 316
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

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.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Chemosynthesis-based community on the East Pacific Rise. Chemosynthesis-based community on the East Pacific Rise.
Long-wattled Umbrellabird Long-wattled Umbrellabird
Solution (Polynomial Long Division) Solution (Polynomial Long Division)
Long-Term Potentiation Long-Term Potentiation
Having a time zone map located near the telephone will assist you when making long distance calls ou Having a time zone map located near the telephone will assist you when making long distance calls ou
When dry, the long fruits (pods) of the California poppy (Eschscholzia californica) split open sudde When dry, the long fruits (pods) of the California poppy (Eschscholzia californica) split open sudde
Video: The Pressure Flow Model in a Plant

For a complete list of videos, visit our video library