Search: foreign-currency liquidity
RBA Glossary definition for foreign-currency liquidity
foreign-currency liquidity – The capacity to exchange foreign currency for domestic currency without significantly moving the exchange rate. The extent to which a foreign currency may be traded readily without causing a significant movement in price.
RBA Glossary definition for liquidity
liquidity – The capacity to sell an asset quickly without significantly affecting the price of that asset. Liquidity is also sometimes used to refer to assets that are highly liquid.
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Why did it Happen?
1 May 1998
RDP
9805
In South Korea, the vulnerability arose from the short-term foreign currency borrowings by banks and the chaebol. ... Figure 11: Country Credit Ranking. Standard and Poors: long-term foreign currency rating.
https://www.rba.gov.au/publications/rdp/1998/1998-05/why-did-it-happen.html