Currency crisis are quite debilitating https://catalogue.nla.gov.au/catalog/3070732 https://catalogue.nla.gov.au/catalog/3070732 - The Malaysian currency crisi

Currency crisis are quite debilitating https://catalogue.nla.gov.au/catalog/3070732 https://catalogue.nla.gov.au/catalog/3070732 - The Malaysian currency crisis : how and why it happened / Mahathir Mohamad edit: Sorry that first link is for a book This might be better https://www.investopedia.com/articles/economics/08/currency-crises.asp https://www.investopedia.com/articles/economics/08/currency-... second edit - I'll add the relevant paragraph > Anatomy of a Currency Crisis > Investors often attempt to withdraw their money en masse if there is an overall erosion in confidence in an economy's stability. This is referred to as capital flight. Once investors sell their domestic currency-denominated investments, they convert those investments into foreign currency. > This causes the exchange rate to get even worse, resulting in a run on the currency, which can then make it nearly impossible for the country to finance its capital spending.