Economic crisis: what happends with currencies and exchange rates?

Previous to the crisis unleashed in summer of 2007, exchange rates
were at the center of the debate across economists focused on international
economy. The extreme aggressiveness of the turmoil has hidden these issues.
Nonetheless, sooner or later, they will likely return again, even wider. Public
bailouts will be debt financed, to some extent in the international markets,
adding a new source of volatility.
This paper intends to deal with the relations among exchange rate, the
role of currencies and the current crisis management, incorporating recent
contributions from the academic field.
Juan Antonio CERÓN CRUZ
Attached file: 

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