VALUTNE KRIZE KAO SAVREMENI OBLIK EKONOMSKIH KONFLIKATA
CURRENCY CRISES AS A MODERN FORM OF ECONOMIC CONFLICTS

Summary/Abstract: The paper Currency Crises as a Modern Form of Economic Conflicts in a clear way showing the most significant currency crises which occurred one after another in Mexico, Southeast Asia and Russia in the 90s of the previous century. Next, paper explains main causes that led to the outbreak of this crises and the measures of monetary authorities to turn off them. From the aspect of years of rapid economic growth and prosperity which preceded these currency crises, were amazing for policymakers in these countries. With graphs presentation of foreign exchange reserves, movements in interest rates, stock prices and exchange rate (ruble/dollar) paper wants to show better understanding and explanation of periods that have ruled on the financial markets of these countries themselves before the currency crisis. Paper relied on a comparative analysis of economic indicators, the development of GDP in countries that have experienced a collapse of their currency markets. The characteristics of all these crises is spill over effects passed from one to the other foreign exchange market. Finally, the paper in the conclusion make the point of the risk of such and similar crises in today's turbulent times, and where 'currency wars' are increasingly present in the global financial market.

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