search query: @indexterm DEVALUATION / total: 80
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| Author: | Miller, S. |
| Title: | Assessing the damage |
| Journal: | Euromoney
1998 : JAN, 1, p. 125-127 |
| Index terms: | MONEY CURRENCY MARKETS DEVALUATION |
| Language: | eng |
| Abstract: | The crisis in Asia is changing perceptions about almost every currency, and no-one is certain what will happen next. The author reports on uncertain times in currency markets. Since July, when the Philippines devalued its currency, Asian currencies have endured a brutal pounding, exacerbated by the Hong Kong stock-market bloodbath of October 28 and mounting evidence of Japan's banking-sector problems. Fearful of the risk of contagion, investors have been retreating from such places as Russia and Brazil where risks are particularly apparent. |
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