The economic crisis was caused by heavily indebted banking systems, overvalued currencies, excessive government spending and over-reliance on foreign loans.
42.
While most Europeans want a strong euro, they also want to avoid an overvalued currency that deepens their economic difficulties.
43.
Concern that Brazil's ballooning current account deficit and overvalued currency could spark a devaluation sent the markets plunging last week.
44.
These included weak banking and legal systems, overvalued currencies, and mountains of short-term loans in dollars and other foreign currencies.
45.
While speculators have successfully attacked other overvalued currencies in the region, they have failed thus far to break the peg.
46.
The overvalued currency resulted in alarming trade deficits, and speculation grew that the peg would be broken and the baht devalued.
47.
The stock market is in crisis, an overvalued currency is fueling a record trade deficit and industrialists are clamoring for a devaluation.
48.
Brazil's large current account deficit and overvalued currency sparked concerns it would be the next target of speculators following turmoil in Asia.
49.
And the Brazilian appetite for foreign goods _ fueled by an overvalued currency _ helped create the current-account deficit that now exists.
50.
He warned Latin governments, in particular Argentina and Brazil, not to rely too long on artificially overvalued currencies to stabilize their economies.
