First-generation crisis model (第一代危机模型)

First-generation crisis model (第一代危机模型 dì yī dài wēijī móxíng) assumes that if a fiscal policy inconsistent with a fixed exchange rate is adopted (for example, excessive monetary growth), the exchange rate will be doomed to collapse.

First-generation crisis model (第一代危机模型 dì yī dài wéijī móxíng) word examples:

  1. First-generation crisis model of currency crisis (第一代货币危机模型 dì yī dài huòbì wēijī móxíng).
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