Also called the "Asian Contagion", this was a series of currency devaluations and other events that spread through many Asian markets beginning in the summer of 1997. The currency markets first failed in Thailand as the result of the government's decision to no longer peg the local currency to the U.S. dollar. Currency declines spread rapidly throughout South Asia, in turn causing stock market declines, reduced import revenues and even government upheaval. The Asian Financial Crisis was stemmed somewhat by financial intervention from the International Monetary Fund and the World Bank. However, market declines were also felt in the United States, Europe and Russia as the Asian economies slumped. |||As a result of the crisis, many nations adopted protectionist measures to ensure the stability of their own currency. Often this led to heavy buying of U.S. Treasuries, which are used as a global investment by most of the world's sovereignties.The Asian crisis led to some needed financial and government reforms in countries like Thailand, South Korea, Japan and Indonesia. It also serves as a valuable case study for economists who try to understand the interwoven markets of today, especially as it relates to currency trading and national accounts management.
A proposed basket of Asian currencies, similar to the European Currency Unit, which was the precursor of the Euro. The Asian Development Bank is responsible for exploring the feasibility and construction of the basket. |||The main obstacles to the creation of an Asian Currency Unit are the choice of currencies that would be included, the severe misalignments between the various regional currencies and the economic turmoil of 2007-2008. There have been a number of financial instruments that use baskets of Asian currencies, but these are individually constructed and are not sponsored or used as a means of exchange in the countries represented. The most well-known investment vehicles include exchange traded notes (ETNs) and structured notes, whose returns are based on Asian currency baskets.
The currency abbreviation, or currency symbol, for the Argentinian Nuevo peso (ARS), the currency for Argentina. The Argentinian Nuevo peso is made up of 100 centavos and is often presented with the symbol "$," or sometimes "N$". The Argentinian Nuevo peso uses the same currency symbol as the U.S. so to avoid confusion Argentinians use US$ or U$A when referring to the U.S. dollar. |||The Argentinian Nuevo peso was first seen in 1992 when it replaced the austral at a conversion of 1 peso to 10,000 australes. Other names for the currency include peso convertible, and nuevo peso convertible. The Argentinian Nuevo peso was pegged to the U.S. dollar at 1 peso to one dollar form 1992 to 2001. In 2002 the peso floated and devalued about 75% which helped increase competitiveness in exports.
Slang term that is used to refer to the Australian dollar. |||Similar to how the U.S. dollar is sometimes called the greenback or the Canadian dollar is called the loonie, the Australian dollar is sometimes called the Aussie to distinguish it from all the other dollars. It is also denoted as A$ or AU$.
什么是冒险性学习 冒险性学习又叫野外培训或户外培训,主要是利用有组织的户外活动来开发团队协作和领导技能。它最适用于开发与团队效率有关的技能,如自我意识、问题解决、冲突治理和风险承担。 冒险性学习对身体素质要求较高,而且在练习中经常让受训者相互接触,这些将给企业带来一定的风险。所以,考虑在什么情况下使用冒险性学习是非常重要的。要使冒险性学习获得成功,练习要和参与者希望开发的技能类型有关。练习后,要由一位有经验的辅导人员组织一次讨论,探讨在练习中发生的事情,学到的东西,联系与工作情况的关系,及如何设置目标并将所学知识应用与工作当中。其要害是要坚持让整个工作群体一起参与这种学习,这样妨碍群体有效性的因素一旦出现,就可加以讨论。 冒险性学习的特点 冒险性学习主要有以下特点: 1、冒险性学习答应受训者在没有正式商业准则的情况下进行人际交往。这种环境对那些将自己融入一个有凝聚力的团队的员工来说非常要害。 2、冒险性学习的实践让受训者共享一段具有感情色彩的经历,能帮助受训者打破原有行为方式,而且自愿改变自己的行为。 3、在工作中会发生与在冒险性学习实践中类似的行为,因而通过分析练习中发生的行为,受训者就可以感知什么是无效行为,什么是有效行为。
The abbreviation for the Australian dollar and U.S. dollar (AUD/USD) currency pair or cross. The currency pair tells the reader how many U.S. dollars (the quote currency) are needed to purchase one Australian dollar (the base currency) Trading the AUD/USD currency pair is also known as trading the "Aussie". |||The value of the AUD/USD pair is quoted as 1 Australian dollar per X U.S. dollars. For example, if the pair is trading at 1.50 it means that it takes 1.5 U.S. dollars to buy 1 Australian dollar.The AUD/USD is affected by factors that influence the value of the Australian dollar and/or the U.S. dollar in relation to each other and other currencies. For this reason, the interest rate differential between the Reserve Bank of Australia (RBA) and the Federal Reserve (Fed) will affect the value of these currencies when compared to each other. When the Fed intervenes in open market activities to make the U.S. dollar stronger, for example, the value of the AUD/USD cross could decline, due to a strengthening of the U.S. dollar when compared to the Australian dollar. The AUD/USD tends to have a negative correlation with the USD/CAD, USD/CHF and USD/JPY pairs because the AUD/USD is quoted in U.S. dollars, while the others are not. The correlation with USD/CAD could also be due to the positive correlation of the Canadian dollar and the Australian dollar (because they both have similar economic structures because they are both resource-based economies).
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