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Cause of asian financial crisis


From: Josemarht
Category: Asian
Added: 1 year ago
Duration: 06:08

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.

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