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Bibilioth - Money Insights

Asian Financial Crisis

The Asian Financial Crisis and the Role of Capital Controls

· 5 min read

The Asian Financial Crisis of 1997 affected several countries in East Asia, including Thailand, Indonesia, Malaysia, and South Korea, leading to currency devaluation, interest rate hikes, and a significant decrease in foreign investment.

The IMF and the Asian Financial Crisis of 1997

· 5 min read

The IMF's 1997 response to the Asian financial crisis led to widespread poverty, social unrest, and criticism for exacerbating rather than alleviating the crisis.