Freedom of moving funds at fixed exchange rates between countries prior to the establishment of sound capital markets resulted in international speculation and replacement of long-term capital by short-term funds in some of these Asian countries.
Freedom of moving funds at fixed exchange rates between countries prior to the establishment of sound capital markets resulted in international speculation and replacement of long-term capital by short-term funds in some of these Asian countries.
在亚洲资本市场的运作未趋健全之前，就让国际游资在因定汇率的制度下自由往来，给予欧美游资投机套利的机会，也养成当地商家以短期资金来取代长期资本的恶习。