An overview of the causes and consequences of speculative attacks on domestic currency and international financial turmoil. It provides a comprehensive treatment of the existing theories of exchange rate crises and of financial market runs.
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"In this sophisticated yet accessible analysis of the open economies of Sub-Saharan Africa, Jean-Paul Azam analyzes international trade, exchange rate issues, and longer-term growth, taking due account of the distinctive features of African economies. In particular, he examines …
