Asian Financial Crisis: The Asian financial crisis, also called the "Asian Contagion," was a series of currency devaluations and other events that spread through many Asian markets beginning in.
Southeast Asia's currency turmoil shows that both domestic and foreign market actors were quite adept in knowing when and where to pull out their capital. Even before the crisis, high domestic interest rates suggest that markets were putting a high risk premium on domestic loans in these countries.Author: Linda Lim.
The collapse of the Thai baht in July 1997 was followed by an unprecedented financial crisis in East Asia, from which these economies are still struggling to recover. A great deal of effort has been devoted to trying to understand its causes.Author: Ramon Moreno.
Jul 17, 2019 · The Asian Financial Crisis of 1997 affected many Asian countries, including South Korea, Thailand, Malaysia, Indonesia, Singapore, and the Philippines.After posting some of the most impressive growth rates in the world at the time, the so-called "tiger economies" saw their stock markets and currencies lose about 70% of their value.