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The 1997 Asian financial crisis was a period of financial crisis that gripped much of East and Southeast Asia during the late 1990s. The crisis began in Thailand in July 1997 before spreading to several other countries with a ripple effect, raising fears of a worldwide economic meltdown due to financial contagion . [ 1 ]
Oct 7, 2024 · Asian financial crisis, major global financial crisis that destabilized the Asian economy and then the world economy at the end of the 1990s. The 1997–98 Asian financial crisis began in Thailand and then quickly spread to neighbouring economies.
Apr 19, 2024 · The Asian financial crisis started in July 1997, when Thailand stopped defending the baht after months of downward market pressure, causing the currency to fall quickly. The contagion spread...
The Asian Financial Crisis is a crisis caused by the collapse of the currency exchange rate and hot money bubble. The financial crisis started in Thailand in July 1997 after the Thai baht plunged in value.
Sep 29, 2021 · In June 1997, a financial crisis emerged that swept across most of the tiger economies of Southeast Asia and major players in East Asia; it even had significant repercussions across the globe in the United States.
