Asian financial crisis | Causes, Effects, & Facts | Britannica.com - east asian financial crisis

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What Was the Asian Financial Crisis? east asian financial crisis


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.

The Asian financial crisis was a series of currency devaluations and other Currency declines spread rapidly throughout East Asia, in turn.

Discover the causes and lessons of the 1997 Asian Financial Crisis, which affected South Korea, Thailand, Malaysia, Indonesia, and other countries.

The 1997–98 Asian financial crisis began in Thailand and then quickly spread to neighbouring economies. It began as a currency crisis when Bangkok.

The Asian Financial Crisis started on 2 July 1997 when the Thai government, burdened with a huge foreign debt, decided to float its baht after currency.