The 1997 Asian Crisis
Sharmila Whelan
20 years: Asian economics & policy
Asian economics 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 effects that were felt across the world.
Asian economics 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 effects that were felt across the world.
The 1997 Asian Crisis
20 mins 8 secs
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:
Learn about the history of the Asian Crisis
Understand the changes made in the aftermath
Identify the effects of the crisis on the economies of Asia
Sharmila Whelan
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