Asian crisis, economics, Microeconomics

Assignment Help:
Asian Crisis: Between 1997-98, several of the East Asian tiger economies suffered a severe economic and financial crisis. it had big consequences in the global financial markets, that had made increasingly exposed to the promise which Asian had seemed to offer. This crisis destroyed wealth on a massive scale & sent absolute poverty shooting up. The banking system alone or by corporate loans equivalent to around half of one year''s GDP went bad a destruction of savings on a scale more generally related with a full-scale war. The precise cause of the crisis ruins a matter of debate. The fingers have been pointed to currency peg accepted by some countries & a decrease of capital controls in the years before the crisis. Some blamed economic contagion. The crisis brought an end to a then widespread belief which there was a distinct "Asian way" of capitalism that might prove just as successful as capitalism in America or Europe. Instead, critics turned their fire on Asian cronyism, ill-disciplined banking & lack of transparency. In the years following the crisis the most of the countries included have introduced reforms designed to increase transparency & get better the health of the banking system & although some went much further than others like as Indonesia.

Asian Crisis, Can you Explain me more about Asian Crisis

Related Discussions:- Asian crisis, economics

Wages, What is the difference between wages and salaries

What is the difference between wages and salaries

Demand and supply considerations of education, Normal 0 false ...

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Solution.., i want to know that ,wheather lithium iodide can be used as red...

i want to know that ,wheather lithium iodide can be used as redox electrolyte? and acetonitrile canbe used as redox electrolyte? ehich is more efficient?n..

Why does a monopoly have no supply curve, Why does a monopoly have no suppl...

Why does a monopoly have no supply curve?  A supply curve is a curve that shows the quantity supplied at dissimilar prices, as a monopoly sets the price and the quantity togeth

Discussion perfectly competitive firm, Explain why a perfectly competitive ...

Explain why a perfectly competitive firm does not expand its sales without limit if its horizontal demand curve indicates that it can sell as much as it desires at the current mark

Deviation, Deviation - Difference between the expected and actual payof...

Deviation - Difference between the expected and actual payoff -  Adjusting for the negative numbers -  The standard deviation measures square root of average of squa

Balance of payments and problem of deficits, BALANCE OF PAYMENTS AND PROBLE...

BALANCE OF PAYMENTS AND PROBLEM OF DEFICITS: The principal tool for the analysis of the monetary aspects of international trade is the balance of international payments set

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd