What was the primary reason for Russia's tripling of interest rates to 150% in the late 1990s?
Why Currency Crises Are Rarely Solved By Rate Hikes

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To stabilize the ruble
To increase exports
To reduce inflation
To attract foreign investment
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What significant event occurred in Indonesia in May 1998 following repeated interest rate hikes?
The Asian financial crisis ended
The Indonesian economy stabilized
The rupiah appreciated significantly
President Suharto resigned
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did Brazil respond to capital outflows in September 1998?
By implementing trade barriers
By seeking financial aid from the IMF
By raising interest rates to 49.75%
By devaluing its currency
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the outcome of Britain's rate hikes in 1992?
Britain exited the pre-euro exchange rate mechanism
The pound appreciated significantly
The pound remained stable
Britain joined the eurozone
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which investor famously profited from shorting the British pound in 1992?
Carl Icahn
Ray Dalio
George Soros
Warren Buffett
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