The Mexican Peso Crisis Is Significant in That

The Mexican peso crisis is significant in that

A) it is perhaps the first serious international financial crisis touched off by cross-border flight of portfolio capital.
B) selling by international portfolio managers had a highly destabilizing, contagious effect on the world financial system.
C) it provides a cautionary tale that as the world's financial markets are becoming more integrated, this type of contagious financial crisis is likely to occur more often.
D) all of the above.

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