NO.PZ2024092001000061
问题如下:
Which of the following conditions is most likely to increase a country’s vulnerability to a currency crisis?
选项:
A.Liberalized capital markets B.A floating exchange rate regime C.Relatively low inflows of foreign capital解释:
A Correct because several studies have identified the liberalization of capital markets as a precursor to a currency crisis. Prior to a currency crisis, the capital markets have been liberalized to allow the free flow of capital.
Incorrect because countries with fixed or partially fixed exchange rates are more susceptible to currency crises than countries with floating exchange rates.
Incorrect because studies have found that currency crises are preceded by large inflows of foreign capital (relative to GDP) in the period leading up to a crisis, with short-term funding denominated in a foreign currency being particularly problematic.
C为什么不对