currency – n. the money that a country uses

emerging-market - adj. description of a country whose economy is still developing

contagion – n. the act of moving from one place to another

Gross Domestic Product – n. the monetary value of all goods and services produced within a country over a period of time

phase – n. a part or step in a process

instability – n. the state of being likely to change for the worse

solvency – n. the state of being able to pay debts

panic – v. to be overcome with extreme fear