Distinguishing features of currency crises

Reference no: EM13761206

One of the distinguishing features of currency crises and capital flight episodes that have occurred since the 1980's is that they have often linked across countries. Do you believe a contagion effect of capital flow and currency crises can lead to greater volatility and deep stabilization in markets? In your answer, include one example where this has occurred.

Reference no: EM13761206

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