Four Currency Crises: Hungary, Iceland, Pakistan, and Argentina

Compare the recent performance of four currencies now going through economic crises. Argentina is nationalizing its pension system to bail itself out of debt obligations; Hungary has had foreign lending dry up and force it to yank rates to double-digits; the Iceland story is well known; and Pakistan is looking for $4b in IMF support to meet looming debt obligations.

collapsing-currencies [via Pacific]

Related posts:

  1. The Iceland Crisis in Headlines, Plus One Graph
  2. Links: FDIC in SoCal, CDOs, Pakistan, Farm Gloom,etc.
  3. Pakistan, The Land That Financial Bad News Forgot: Part II
  4. Speaking of Pakistan … All’s Well in Land Bad News Forgot
  5. Links: Iceland, Leeson, China, Swaps, Yield Curve, etc.