Remembering the Asian Financial Crisis: Lessons for Emerging Economies
JULY 2007 marks the tenth anniversary of the Asian Financial Crisis which erupted in 1997 following sudden speculative attacks on the Thai baht. The last decade has witnessed intense debates within scholarly and policymaking circles regarding the exact causes of the crisis, as well as the lessons fr...
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| Format: | Commentary |
| Language: | English |
| Published: |
2016
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| Online Access: | https://hdl.handle.net/10356/82466 http://hdl.handle.net/10220/40058 |
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| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | JULY 2007 marks the tenth anniversary of the Asian Financial Crisis which erupted in 1997 following sudden speculative attacks on the Thai baht. The last decade has witnessed intense debates within scholarly and policymaking circles regarding the exact causes of the crisis, as well as the lessons from this painful experience.Recently, however, the focus has shifted to the possibility of another crisis in the near future. The current economic conditions of some Asian economies have been compared with the state of affairs in the run-up to the crisis in 1997, giving rise to some concerns. |
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