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Debt crisis |
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Debt crisisA situation in which a country, usually an LDC, finds itself unable to service its debts.Similar MatchesCurrency crisisCurrency crisisThe crisis that occurs when particpants in an exchange market come to percieve that an attempt to maintain a pegged exchange rate is about to fail, causing speculation against the peg that hastens the failure and forces a devaluation. Asian CrisisAsian CrisisA major financial crisis that began in Thailand in July 1997 and quickly spread to other East Asian countries. Liquidity crisisLiquidity crisisA financial crisis that occurs due to lack of liquidity. In international finance, it usually means that a government of central bank runs short of international reserves needed to peg its exchange rate and/or to service its foreign loans. Financial crisisFinancial crisisA loss of confidence in a country's currency or other financial assets causing international investors to withdraw their funds from the country. Tequila CrisisTequila CrisisRefers to the economic and financial crisis that began in late 1994 when the Mexican peso devalued, causing disruption in the Mexican economy that then spread through other countries of Latin America. |
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