TY - BOOK AU - MONTES Manuel F AU - POPOV Vladimir V TI - The Asian crisis turns global SN - 9812300503 (pbk.): PY - 1999/// CY - Singapore PB - ISEAS KW - ASIA KW - ECONOMIC CRISIS KW - CAPITAL MARKETS KW - RUSSIA KW - ECONOMIC CRISES N2 - The Asian currency crisis that started in mid-1997 developed into a global financial crisis by 1998, with the devaluation of the rouble and the Russian government's default on its internal debt. Countries that have fallen victim to the crisis shared a common characteristic; international investors had poured money into their stock markets - in East Asia, Latin America, Russia, and Eastern Europe. This analysis stresses the importance of this international dimension but also identifies the important differences in domestic causes ER -