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1997 Asian Financial Crisis
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Geliefert zwischen Do., 27.11.2025 und Fr., 28.11.2025
Details
The Asian Financial Crisis was a period of financial crisis that gripped much of Asia beginning in July 1997, and raised fears of a worldwide economic meltdown due to financial contagion. The crisis started in Thailand with the financial collapse of the Thai baht caused by the decision of the Thai government to float the baht, cutting its peg to the USD, after exhaustive efforts to support it in the face of a severe financial overextension that was in part real estate driven. At the time, Thailand had acquired a burden of foreign debt that made the country effectively bankrupt even before the collapse of its currency. As the crisis spread, most of Southeast Asia and Japan saw slumping currencies, devalued stock markets and other asset prices, and a precipitous rise in private debt. Though there has been general agreement on the existence of a crisis and its consequences, what is less clear is the causes of the crisis, as well as its scope and resolution. Indonesia, South Korea and Thailand were the countries most affected by the crisis.
Weitere Informationen
- Allgemeine Informationen
- GTIN 09786130284060
- Editor Frederic P. Miller, Agnes F. Vandome, John McBrewster
- Sprache Englisch
- Größe H220mm x B150mm x T12mm
- Jahr 2010
- EAN 9786130284060
- Format Fachbuch
- ISBN 978-613-0-28406-0
- Titel 1997 Asian Financial Crisis
- Untertitel Financial crisis, Asia, Economy of Asia, Financial contagion, Economy of Thailand, Fall of Suharto, Economy of Indonesia, Economy of South Korea, Economy of the Philippines, Economy of Hong Kong
- Gewicht 326g
- Herausgeber Alphascript Publishing
- Anzahl Seiten 208
- Genre Wirtschaft
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