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Asian financial crisis impact

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Typically countries experienced rapid devaluation and capital outflows as investor confidence turned from over-exuberance to contagious pessimism as the structural imbalances in the economy became more apparent.

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Asian Financial Crisis July —December A financial crisis started in Thailand in July and spread across East Asia, wreaking havoc on economies in the region and leading to spillover effects in Latin America and Eastern Europe in

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The Indonesian Economy, p.

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Like this lesson Share The hottest economies in the world during the s were in Southeast Asia.

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The Asian financial crisis, also called the "Asian Contagion," was a sequence of currency devaluations and other events that began in the summer of and spread through many Asian markets.

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Thailand's economy developed into an economic bubble fueled by hot money.

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See Article History Asian financial crisis, major global financial crisis that destabilized the Asian economy and then the world economy at the end of the s.

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He even seemed to scoot down further, moving toward me.

Your Gateway to the History of the Federal Reserve System

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