answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What is the causes of Asian financial crisis of economy?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Economics

What major economic events happened between the years 1997-1998?

all I can say is the Asian financial crisis in 1997


What are some Asian countries with a command economy?

North Korea is one


Which South Asian country is the BEST example of a mixed economy?

Bangladesh


What problems did the Asian countries face as the worked toward economic development?

financial problems


Which race will have the best economy- East Asians or Whites by 2050?

I am thinking East Asian due to the growth rate of its countries. Unless something happens, it seems to be East Asian.

Related questions

What is meant by the term the Asian financial crisis?

The massive depreciation of many Asian currencies in the 1997 to 1999 period, known as the Asian financial crisis, is also an instance of the influence of these short-term movements of money.


What events around the turn of the 21st century caused a global economic slowdown?

The Asian financial crisis in 1997, followed by the terrorist attacks on the United States in 2001 and Argentina's financial crisis that worsened in 2002, sent the world economy into a global slowdown.


What major economic events happened between the years 1997-1998?

all I can say is the Asian financial crisis in 1997


Is there happening why GDP of asean countries decreases in the year 1998?

The Asian financial decrease in 1998 was due to financial contagion, It raised fears of an world wide economic crash in 1997.The crisis started in Thailand.


What country makes hyundia?

Hyundai (and the splinter companies which ensued from the Asian financial crisis, but still bear the Hyundai name) are based in the Republic of Korea (i.e., South Korea).


Is Toyko an East Asian city that's one of the world's three largest financial centers?

Yes, Tokyo is an East Asian city and is one of the world's three largest financial centers, along with New York City and London. It is known for its strong economy and being home to many major global banks and financial institutions.


How did steel imports do in the late 1990's?

In the late 1990s, imports of low-priced steel plagued U.S. producers, especially following the Asian financial crisis that began in 1997.


What country makes hyundia cars?

Hyundai (and the splinter companies which ensued from the Asian financial crisis, but still bear the Hyundai name) are based in the Republic of Korea (i.e., South Korea).


What was the reason behind east Asian crisis?

The reason behind the east Asian crises included a financial boom that was quickly followed by a bust. This occurred when a lack of incentives for effective risk management that were created by guarantees by the government that were not backed by actual facts.?æ


What is Miyazawa initiative?

In the wake the 1997 Asian financial crisis, the Miyazawa initiative of October 1998, named after Japan's Finance Minister Kiichi Miyazawa at the time, set up bilateral monetary swap arrangement between Asian countries, including Malaysia and South Korea.


Why were overseas markets good for the sporting and athletic goods industry?

Overseas markets were a source of new demand because of expanding economies and liberalized trade regulations, although the Asian financial crisis was spurring imports.


What has the author Zhiwei Zhang written?

Zhiwei Zhang has written: 'Chuang ye' 'Speculative attacks in the Asian crisis' -- subject(s): Econometric models, Financial crises, Foreign exchange, Speculation, Time-series analysis, Contagion (Social psychology)