History shows intervening in currency crises is not the only solution

Early last week the value of the euro tumbled in response to the financial turmoil in tiny Cyprus, which triggered worldwide stock market plunges. Here was another example of financial contagion, a phenomenon that is hardly new but only began to be regularly used to describe the situation in financial markets during the Asian financial crisis.

via Business feed http://www.scmp.com/business/article/1199068/history-shows-intervening-currency-crises-not-only-solution