Cause of asian financial crisis
1997 Asian financial crisis - Wikipedia
The Asian Financial Crisis started on 2 July 1997 when the Thai government, burdened with a huge foreign debt, decided to float its baht after currency speculators had been attacking the country's foreign exchange reserves. This monetary shift was aimed at stimulating export revenues but proved to
What was the Asian Financial Crisis?
To shed further light on this question, this Economic Letter briefly reviews Asias recent financial crisis and the two alternative views of its cause. Boom and bust in Asia Operating in an environment of fiscal and monetary restraint, most of East Asia enjoyed high savings and investment rates, robust growth, and moderate inflation for several decades.
Sick Turkey Wont Cause a New Asian Financial Crisis
The Asian financial crisis was a series of currency devaluations and other events that spread through many Asian markets beginning in the summer of 1997.