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Causes of the Asian Financial Crisis by Masroor Hasan is a document available to read on EtoBox.
The Asian Financial Crisis occurred between 1997-1998 and severely impacted the economies of Southeast Asian countries that had experienced major economic growth in previous decades. These countries had investment booms financed by heavy borrowing, which led to excess capacity and mounting debt levels. The crisis began in Thailand in 1997 when a major property developer defaulted on loans, triggering a currency attack on the Thai baht. The Thai government was forced to call on the IMF for a $17.2 billion lo
- Author
- Masroor Hasan
- Language
- EN