Genre: Information/Explanation

What is the main difference between first and second generation crises ? a . The first generation models are currency crises , while second generation models are both currency and financial crises . b . A currency crisis brings forward the inevitable in the first generation model due to weak fundamentals . A second generation crisis may or may not happen . c . They both share weak fundamentals , so a currency crisis is inevitable for both types of models . d . The first generation models are found in developing countries , while second generation models affect developed countries .