03179nam 22008653a 450 991036775260332120250203235433.09783039215799303921579510.3390/books978-3-03921-579-9(CKB)4100000010106191(oapen)https://directory.doabooks.org/handle/20.500.12854/44403(ScCtBLL)53de3222-04fd-4b1c-9204-85572204e3ca(OCoLC)1163849561(oapen)doab44403(EXLCZ)99410000001010619120250203i20192019 uu engurmn|---annantxtrdacontentcrdamediacrrdacarrierCurrency CrisisFaridul IslamMDPI - Multidisciplinary Digital Publishing Institute2019Basel, Switzerland :MDPI,2019.1 electronic resource (126 p.)9783039215782 3039215787 Financial crises are nothing new in the annals of history of the capitalistic path of economic development; indeed, they are part of business cycle. The theoretical basis for this is well entrenched in the concept of 'Keynesian Cross'. Tales of crises date back centuries, but have taken a new turn as the race for more globalization goes on, which involves liberalizing trade and opening up the financial sector. This has made many nations vulnerable to crises that are likely to be repeated, perhaps frequently. Based on recent experience, warning signs can be seen in the dollar-centric exchange rate, which is the mainstay for the stability of the current global financial system. To a careful observer, there is clearly fatigue in the system.Special Drawing Rights (SDRs)banking crisesreserve currencyasymmetryderivativeAsian crisispolicy uncertaintymonetary pluralitymortgage crisisnonlinear ARDLChinaemerging market economiesexchange ratesdefault swapLIBORcurrencycash flowBelt and Road Initiativemoney demandcommodity price stabilisationtrade balancerisk managementArgentinaRMB internationalizationGMMcurrency convertibilityinvestmentGrondona systemexchange rate disconnect puzzlemonetary policyNARDLSpecial Drawing Rightcurrency pegsinternational monetary systemeconomic institutionscointegrationmacroeconomic fundamentalscurrency crisisthe U.S.A.Islam Faridul1317914ScCtBLLScCtBLLBOOK9910367752603321Currency Crisis3033087UNINA