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East asian financial crisis

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1997 Asian financial crisis

East asian financial crisis


East asian financial crisis
East asian financial crisis

Asian financial crisismajor global financial crisis that destabilized the Asian economy and then the world economy at the end of the s. The east asian financial crisis Asian financial crisis began in Thailand and then quickly spread to neighbouring economies. It began as a currency crisis when Bangkok unpegged the Thai baht from the U. In the first six months, the value of east asian financial crisis Indonesian rupiah was down by 80 percent, the Thai baht by more than 50 percent, the South Korean won by nearly 50 percent, and the Malaysian ringgit by 45 percent. Significant in terms of both its magnitude and its scope, the Asian financial crisis became a global crisis when it spread to the Russian and Brazilian asian ladyboys rapidshare.


East asian financial crisis
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  1. East asian financial crisis
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