Send us Feedback

Asian Financial Crisis

RECENT NEWS
[$] Salim Group Regains Control of Indomobil
Wall Street Journal  Dec 14  Comment 
Indonesia's powerful Salim family is regaining direct control of auto maker Indomobil Sukses Internasional more than a decade after it was forced to give up its stake to weather the Asian financial crisis.
TAKing his company up to the next level
The Straits Times  Dec 11  Comment 
December 12, 2012 1:55 AM BUSINESSMAN Andrew Tan nearly lost his life and his company during the Asian financial crisis in the late 1990s.
In Vietnam, Growing Fears of an Economic Meltdown
New York Times  Aug 22  Comment 
In Vietnam’s major cities, a once-booming property market has come crashing down, adding to an economic slowdown that is being compared to the 1997 Asian financial crisis.
Indonesia's economic recovery wins plaudits
Finance Asia  Jun 19  Comment 
Of the countries hit by the Asian financial crisis, Indonesia is now the most investable, according to our latest web poll.
Indonesia's economic recovery wins plaudits
Finance Asia  Jun 18  Comment 
Of the countries hit by the Asian financial crisis, Indonesia is now the most investable, according to our latest web poll.
The Asian Financial Crisis Proves That Austerity Can Work
Clusterstock  Feb 28  Comment 
The austerity debate was the topic du jour at this year’s World Economic Forum in Davos. With good reason. Europe is slipping back into recession just when recovery in the United States is finally getting some traction.  That has undermined...
Indonesia Wins Second Rating Upgrade, Aiding Investment
BusinessWeek  Jan 20  Comment 
Indonesia won its second credit rating upgrade in five weeks as Moody’s Investors Service returned the country to investment level for the first time since the Asian financial crisis.
Indonesia Wins Second Rating Upgrade in Month, Aiding Investment
BusinessWeek  Jan 19  Comment 
Indonesia won its second credit rating upgrade in five weeks as Moody’s Investors Service returned the country to investment level for the first time since the Asian financial crisis.
Tough early days made siblings stronger
The Straits Times  Nov 15  Comment 
IT WAS a case of all hands to the pump when the three Teo children joined their father's small business in the trying days after the Asian financial crisis hit in 1997.
Business opportunities not so far from home
The Straits Times  Sep 13  Comment 
IN 1998, the Asian financial crisis had plunged the region into uncertainty. Capital fled, markets nearly collapsed and even corporate giants were struggling for survival.




RELATED WIKI ARTICLES

Related Articles

more ▼WIKI ANALYSIS
Error creating thumbnail: convert: unable to open image `/home/wikinvest/src_live_2/mediawiki/images/9/9f/Global_thinking.svg.png': No such file or directory @ blob.c/OpenBlob/2480. convert: unable to open file `/home/wikinvest/src_live_2/mediawiki/images/9/9f/Global_thinking.svg.png' @ png.c/ReadPNGImage/2889. convert: missing an image filename `/home/wikinvest/src_live_2/mediawiki/images/thumb/9/9f/Global_thinking.svg.png/30px-Global_thinking.svg.png' @ convert.c/ConvertImageCommand/2800.
 This article describes a concept which could impact a variety of companies, countries or industries. To see what companies and articles reference this concept page, click here.
 

The Asian Financial Crisis began in July 2007 when the Thailand government was forced to float its currency called a Thai baht. The removal of the peg to the USD led to a rapid devaluation of the currency and a financial meltdown in Pacific Asia. Foreign investors seeking attractive interest rates pumped money into these Emerging Markets, and the hot money fueled economic expansion, but created a bubble in financial assets in the region. A hiccup, starting in Thailand, led to a rush to pull money from the region and inflows in the country came to a screaching hault. A severe economic downturn followed. Banks around the world had lent money and found themselves loosing money. Especially hard hit were the Japanese banks.

Retrieved from "http://www.wikinvest.com/concept/Asian_Financial_Crisis"
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki