Search results
Apr 19, 2024 · The Asian financial crisis, also called the “Asian Contagion,” was a sequence of currency devaluations and other events that began in July 1997 and spread across Asia.
The 1997 Asian financial crisis was a period of financial crisis that gripped much of East and Southeast Asia during the late 1990s. The crisis began in Thailand in July 1997 before spreading to several other countries with a ripple effect, raising fears of a worldwide economic meltdown due to financial contagion. [1]
May 15, 2024 · Asian financial crisis, major global financial crisis that destabilized the Asian economy and then the world economy at the end of the 1990s. The 1997–98 Asian financial crisis began in Thailand and then quickly spread to neighbouring economies.
What is the Asian Financial Crisis? The Asian Financial Crisis is a crisis caused by the collapse of the currency exchange rate and hot money bubble. It started in Thailand in July 1997 and swept over East and Southeast Asia.
Nov 22, 2013 · Asian Financial Crisis. July 1997–December 1998. A financial crisis started in Thailand in July 1997 and spread across East Asia, wreaking havoc on economies in the region and leading to spillover effects in Latin America and Eastern Europe in 1998.
Dec 30, 2016 · This paper tells the story of the Asian financial crisis by addressing four questions: What were the causes of the crisis, how did the crisis unfold, what were the policy responses, and what have been the outcomes?
The financial crisis that struck many Asian countries in late 1997 did so with an unexpected severity. What went wrong? How can the effects of the crisis be mitigated? And what steps can be taken to prevent such crises from recurring in the future?
Dec 29, 2021 · Learn the causes and lessons of the 1997 Asian Financial Crisis, which affected South Korea, Thailand, Malaysia, Indonesia, and other countries.
Jul 13, 2017 · But 20 years ago, July 1997 marked the beginning of the Asian Financial Crisis, when a combination of economic, financial and corporate problems triggered a sharp loss of confidence and capital outflows from the region’s emerging market economies.
This brief revisits lessons from the Asian financial crisis, examines the emerging challenges that could undermine future financial stability, and concludes with some policy considerations.
