Asian financial crisi

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The asian financial crisis was a period of financial crisis that gripped much of east asia and southeast asia beginning in july 1997 and raised fears of a worldwide economic meltdown due to financial contagion. Asian financial crisis the asian financial crisis, also called the asian contagion, was a series of currency devaluations and other events that spread through many asian markets beginning in.   asian financial crisis, major global financial crisis that destabilized the asian economy and then the world economy at the end of the 1990s. Though it is generally characterized as a financial crisis or economic crisis, it can also be seen as a crisis of governance at all major levels of politics. The asian financial crisis of 1997 affected many asian countries, including south korea, thailand, malaysia, indonesia, singapore, and the philippines. After posting some of the most impressive growth rates in the world at the time, the so-called tiger economies saw their stock markets and currencies lose about 70 of their value. 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 of 20072008, also known as the global financial crisis (gfc), was a severe worldwide financial crisis. Excessive risk-taking by banks combined with a downturn in the subprime lending market in the united states culminated with the bankruptcy of lehman brothers on september 15, 2008 and an international banking crisis. 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. Financial crisis a financial crisis is a situation in which the value of financial institutions or assets drops rapidly. A financial crisis is often associated with a panic or a run on the banks. Financial crises sometimes appear to be driven by irrational factors.

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