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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Trey McAtee who wrote (4090)	1/15/1999 8:24:00 PM
From: Moominoid	Respond to of 99985

how did they structure the devaluation It was a typical mess - first they widened the band of fluctuation and said they would defend that. Then when that didn't work the next day they did a free float. Similar to Britain falling out of the ERM back in 1992 for example. But I don't understand the details that led to success in Brazil for the moment and the much bigger devaluations which lead to bankruptcies defaults and stock-market collapses etc. in some East Asian countries. I don't know the current foreign debt or trade balance of Brazil which would be some driving factors. David David