| In the past two decades or so the global financial markets have been rocked by a series of currency crises and devaluations – from the European Exchange Rate Mechanism (ERM) crisis of 1992 to Argentina’s ongoing currency issues and, more recently, the 2008 euro crisis.
Ugo Lancioni, head of currency management at Neuberger Berman, points to the causes of these currency devaluations. “Currency depreciations or crises are caused by substantial misalignments between the real value of the currency and the fundamentals of the country,” he explains...............................................Full Article: Source
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