Reference no: EM132557737

-A good starting point for exploring the local currencies of a region is to look at a financial newspaper, such as the Financial Times. What is the value of the local currencies in respect to the US dollar at the moment? Do you think it was wise for the countries governments to let the currencies float freely in 1997? Why did they peg their currencies value to the US dollar in the first place? Do you think that the link with the US dollar had any effect on the Asian Crisis ? Explain

-One of the causes of the Asian crisis has been traced back to the devaluation of the Chinese binmen in 1994 which , according to some economists , put strain on the export - led economies of Southeast Asia and eventually made them more vulnerable to the crisis. Do you think this theory is valid? Argue your point with reasons

-In which way can export - led economies, such as the countries Southeast Asia make themselves more resilient and less dependent on the weakness of their currencies for boosting their exports? Choose one country and one company to illustrate your answer