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York University (35,409)
POLS 1090 (46)
Lecture 8

Lecture 8 POLS 1090.docx

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Department
Political Science
Course
POLS 1090
Professor
Bruce Smardon
Semester
Winter

Description
G8Added RussiaG7States us Germany France Canada Japan UK and Italy g7 g8Coordination of Exchange ratesAsian crisis19971998Asian economies Indonesia Malaysia Thailand These Asian economics were running out of the reserves of us currency and other ficmmajor exchange rate crisis Severe revolution of these economies exchange rates against he us dollar and other currencies of g7Currencies that would allow outside investors to get their money outdestabilization of the global financial system Responsibility of G7 groupDevelop bailout packages for countries which are experiencing financial crisisWorks with IMF to developed this packageHow bailout package workedIMF went to economies and said must get economies house in orderprivatize
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