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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]
Apr 19, 2024 · The Asian financial crisis started in July 1997, when Thailand stopped defending the baht after months of downward market pressure, causing the currency to fall quickly. The contagion...
Oct 7, 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.
The Asian Financial Crisis is a crisis caused by the collapse of the currency exchange rate and hot money bubble. The financial crisis started in Thailand in July 1997 after the Thai baht plunged in value. It then swept over East and Southeast Asia.
Mar 29, 2016 · This paper takes a thorough look at the 1997-1998 Asian financial crisis, examining its major causes, the way the affected countries recovered, and their paths going forward.
Nov 22, 2013 · 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.
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?
