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Some have been important; the Web sites were the first to report the outrage among North Koreans over a drastic currency revaluation late last year.
Countless numbers lost their meagre savings during the drastic currency devaluation of 2009, and from 150,000 to 200,000 people are being held in labour camps and jails.
Drastic currency depreciation associated with Mexico's financial crises, which persisted in spite of policies adopted in response, magnified the direct effects of labour markets on declines in purchasing power and economic polarization within Mexican society [ 80- 83].
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"Unless there is a drastic shift in currency values, foreign buyers will continue buying prime London property," said Charles McDowell, a London property consultant who specializes in properties priced at £5 million or more.
Euro-exit would at least come with the benefits of a drastic devaluation in the currency – a New Drachma, perhaps.
The national currency suffered a drastic devaluation of about 33percentt, with experts and citizens expecting yet another devaluation this year.
Analysts think Russian policymakers could take even more drastic action to stabilise the currency, by stopping people from taking money out of the country.
In July 1997, however, a crisis in Thailand's financial markets forced the government to institute a drastic devaluation of the Thai currency, the baht, which triggered a wider crisis that soon swept across most of East and Southeast Asia.
Ahead of runoff elections scheduled for Oct. 27, some Wall Street analysts are imagining catastrophic situations involving the quickening of capital flight, a drastic weakening of Brazil's currency, the real, and the introduction of strict controls on foreign capital.
According to a statement by the Zimbabwe central bank, the hyperinflation was caused by speculators who charged exorbitant rates for U.S. dollars, causing a drastic devaluation of the Zimbabwe currency.
A few emerging markets, still traumatized by the extent of their economic downturns during previous periods of capital flight, are taking drastic action to stabilize their currencies.
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