Slide 1 Brazilian Crisis – 1998/1999 Slide 2 Brazil vs. Asia Current Account of ~4%GDP vs. 8% for Thailand Fixed Peg vs. Crawling Peg (Slow Currency Depreciation 8% p.a.)…
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Lessons from a comparative analysis of financial crises1 Roberto Frenkel2 Introduction The paper is presented in two parts. The first part presents a comparative analysis…