Examples of using Speculative attacks in English and their translations into Spanish
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Official
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Colloquial
The second step will be speculative attacks that use bitcoins as a platform.
On 14 May and 15 May 1997,the Thai baht was hit by massive speculative attacks.
Such exchange-rate management made them less vulnerable to speculative attacks while allowing them to soften any arising adjustment pressure.
Nonetheless, sound policies were not in themselves sufficient to ward off speculative attacks.
All currency crises are characterized by speculative attacks against the currency, but at the time of the attack the currency is under fixed exchange regime.
The latter would be dormant in times of normal financial activities, andbe activated only in the case of speculative attacks.
At the same time, speculative attacks against the forint, Hungary's currency, knocked it down 19% against the U.S. dollar and 13% against the Euro, causing inflation to soar.
In addition, the Fund should be in a position to act as a lender of last resort to countries facing speculative attacks.
Reserve accumulation is also undertaken as insurance against speculative attacks and to avoid situations where resort has to be taken to highly conditional IMF lending.
The more flexible exchange-rate regimes adopted over the past two years by many of these economies have also made them less vulnerable to speculative attacks.
This has given developing countries a greater buffer or"self-insurance" to cope with external shocks;after the Asian crisis, following speculative attacks on currency-exposed countries, this appeared to be a sensible counter-cyclical strategy.
Vi Regional monetary cooperation would help to minimize a misalignment of currencies in the region,thus reducing the risk of speculative attacks.
It has been asserted that speculative attacks on currencies merely bring forward in time the need for policy adjustment on the part of affected countries and that speculators merely function as early spotters of problems that countries need to address anyway.
They also started to run current account surpluses and built up their foreign exchange reserves so as tobe able to support their respective currencies in the event of future speculative attacks.
The very same free flow of capital that can foster investment is responsible for speculative attacks against national currencies and balance of payment crises, with negative impact on the continuity of public policies and on the alleviation of social ills.
In a few cases, it has been noted that bytaking early adjustment measures, countries have managed to minimize the impact of speculative attacks.
In many cases, institutional reform is part of this set, and here again a measure of stability andpredictability is necessary to dissuade speculative attacks and induce investment decisions that will bring growth.
Other countries had high levels of domestic andexternal debt, which made them particularly vulnerable to the toughening of international borrowing conditions and to speculative attacks.
International capital movements have become increasingly sensitive to tax structure changes andnon-tax factors, such as speculative attacks on currencies with underlying weaknesses.
Some saw a need for immediate control over things like hedge funds and complex investment products, anda decrease in the scale of finance to reduce global exposure to speculative attacks.
Faced with the impossibility of establishing their strategic objectives through diplomacy, the United States is engaged in a financial war,either through economic embargoes, speculative attacks, freezing bank accounts of politicians and businessmen, etc.
Delegates asked whether there were any successful examples in practice of a transactions tax, not as a revenue-raising mechanism butas a tool for moderating capital inflows in order to ward off speculative attacks.
Exchange controls on capital movements are designed to reduce the economy s vulnerability to speculative attacks against its currency.
The system of currency bands, which played a very important role in stabilization programmes based on the use of the nominal exchange rate as an anchor,has come under increasing criticism on the grounds that it generates vulnerability to speculative attacks.
Factor in the Federal Reserve's interest rate hikes which led to capital flight back into the US economy, andyou have a convergence of circumstances that led to a massive loss of confidence resulting in the speculative attacks of May 14 and 15 1997, which caused the eventual devaluation of the Thai baht.
On the same day, the bilateral conversion rates of the national currencies of participating countries will be fixed,a move that is designed to discourage speculative attacks in the interim.
If Governments had access to a well-endowed regional crisis response andprevention facility they would feel less need to build up large foreign exchange reserves to protect their economies against speculative attacks and liquidity crises, and could thus free up reserves for more productive investments.
Some governments had imposed controls on short-term capital flows, andothers had intervened strongly in the stock market in an attempt to check speculative attacks on their currencies.
The second reason for the greater resilience is the fact that many developing countries have adopted domestic policies that have remarkably reduced their exposure to sudden stops in financial inflows or speculative attacks against their currencies following upheavals in international financial markets.
The deregulation of the financial market, however, introduced volatility in the current accounts of the country's balance of payments,which made the Philippines vulnerable to speculative attacks on its currency, as happened in July 1997.