Währungskrise
Währungskrise refers to a sharp and sudden decline in the value of a country's currency. This can manifest in various ways, including a rapid devaluation against other major currencies, a significant loss of purchasing power domestically, or a situation where the central bank struggles to maintain a fixed exchange rate. Several factors can trigger a currency crisis, often involving a combination of economic and political issues. Persistent balance of payments deficits, high levels of external debt, and unsustainable fiscal policies are common underlying causes. Speculative attacks, where investors rapidly sell off a country's currency in anticipation of further declines, can exacerbate these vulnerabilities.
The consequences of a currency crisis can be severe. For individuals and businesses, it can lead to