Why the repeated foreign exchange crises?

反复出现的外汇危机又是从何而来呢？

youdao

The difference is that now they emerge in pressure on bond yields and ballooning current-account and budget deficits, rather than in dramatic foreign-exchange crises.

区别是现在主要表现在对债券收益率、股票上涨往来帐户和预算赤字的压力上，而不是富有戏剧性的外汇危机上。

youdao

South Korea argued, rightly, that such a safety net is essential if emerging economies are able to withstand financial crises without piling up ever-larger foreign-exchange reserves.

韩国认为这样的安全网对那么没有巨额外汇储备的新兴经济体能够经受住金融危机时是必要的。

youdao

The pooling of foreign-exchange reserves are contingency measures aimed at containing crises such as the one roiling the eurozone, analysts told the paper.

FORBES: China's Central Bank Willing To Share $3 Trillion