Why Currency Crises Are Rarely Solved By Rate Hikes

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Published on 18 Dec 2014, 9:35
Dec. 18 (Bloomberg) -- Russia's central bank has failed to shore up the ruble, despite ramping up rates to 17%. Tom Mackenzie takes a look back at other examples of countries that raised rates to bolster their currencies, and the fallout from those decisions. (Source: Bloomberg)
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