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Financial crisis and Speculative attack

Shortcuts: Differences, Similarities, Jaccard Similarity Coefficient, References.

Difference between Financial crisis and Speculative attack

Financial crisis vs. Speculative attack

A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value. In economics, a speculative attack is a precipitous acquisition of some assets (currencies, gold, emission permits, remaining quotas) by previously inactive speculators.

Similarities between Financial crisis and Speculative attack

Financial crisis and Speculative attack have 7 things in common (in Unionpedia): Black Wednesday, Currency crisis, European Exchange Rate Mechanism, Fixed exchange-rate system, Paul Krugman, Speculation, 1997 Asian financial crisis.

Black Wednesday

Black Wednesday occurred in the United Kingdom on 16 September 1992, when John Major's Conservative government was forced to withdraw the pound sterling from the European Exchange Rate Mechanism (ERM) after it was unable to keep the pound above its agreed lower limit in the ERM.

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Currency crisis

A currency crisis is a situation in which serious doubt exists as to whether a country's central bank has sufficient foreign exchange reserves to maintain the country's fixed exchange rate.

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European Exchange Rate Mechanism

The European Exchange Rate Mechanism (ERM) was a system introduced by the European Economic Community on 13 March 1979, as part of the European Monetary System (EMS), to reduce exchange rate variability and achieve monetary stability in Europe, in preparation for Economic and Monetary Union and the introduction of a single currency, the euro, which took place on 1 January 1999.

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Fixed exchange-rate system

A fixed exchange rate, sometimes called a pegged exchange rate, is a type of exchange rate regime where a currency's value is fixed against either the value of another single currency, to a basket of other currencies, or to another measure of value, such as gold.

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Paul Krugman

Paul Robin Krugman (born February 28, 1953) is an American economist who is currently Distinguished Professor of Economics at the Graduate Center of the City University of New York, and a columnist for The New York Times.

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Speculation

Speculation is the purchase of an asset (a commodity, goods, or real estate) with the hope that it will become more valuable at a future date.

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1997 Asian financial crisis

The Asian financial crisis was a period of financial crisis that gripped much of East Asia beginning in July 1997 and raised fears of a worldwide economic meltdown due to financial contagion.

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The list above answers the following questions

Financial crisis and Speculative attack Comparison

Financial crisis has 202 relations, while Speculative attack has 26. As they have in common 7, the Jaccard index is 3.07% = 7 / (202 + 26).

References

This article shows the relationship between Financial crisis and Speculative attack. To access each article from which the information was extracted, please visit:

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