currency crisis
Definition
A situation in which the value of a currency becomes unstable, making it difficult for the currency to be used as a reliable medium of exchange. The effect of a currency crisis can be mitigated by sufficient foreign reserves. A currency crisis is a type of financial crisis.
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currency crisis is in the Currency Trading and Economics, Politics, & Society subjects.
currency crisis appears in the definitions of the following terms: financial contagion and foreign reserve
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