71 The Mexican peso crisis is significant in that
a) it is perhaps the first serious international financial crisis touched off by cross-border flight of portfolio capital.
b) selling by international portfolio managers had a highly destabilizing, contagious effect on the world financial system.
c) it provides a cautionary tale that as the world's financial markets are becoming more integrated, this type of contagious financial crisis is likely to occur more often.
d) all of the above.