When a currency crisis occurs, it can have a significant impact which can affect all spheres of the economy, including the day to day lives of regular people. A currency crisis is something that is not new. There are many examples of it in recent history, from the Russian ruble to the Turkish lira and many more. Despite the numerous incidents, the reasons behind currency crises can vary significantly. When a currency crisis occurs, there is extreme volatility. This often draws the attention of speculators as well as central banks. Reasons range from a monetary policy that follows a fixed exchange rate, to economic ... (full story)