The 1997 Asian Crisis

The 1997 Asian Crisis

Asian specialist Sharmila Whelan provides an overview of what is generally considered the worst crisis ever to hit emerging markets. A series of currency devaluations lead to negative economic affects that were felt across the world.
Overview

The Asian Crisis of 1997 rocked the developing countries of East and Southeast Asia. Markets, currencies and corporates crashed severely following the interest rate increases in the US and the appreciation of the USD.

Key learning objectives:

  • Background of what caused the Asian Crisis

  • The changes made in the aftermath

  • The effects of the crisis on the economies of Asia

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Summary
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Expert
Sharmila Whelan

Sharmila Whelan

Sharmila is Deputy Chief Economist of Asionomics Group. A top ranked Asain economist with over 20 years experience analysing Asian economies and policy makers.

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