The Asian crisis turns global
Material type: TextPublication details: Singapore: ISEAS, 1999Description: 123pISBN:- 9812300503 (pbk.):
Item type | Current library | Call number | Copy number | Status | Date due | Barcode | |
---|---|---|---|---|---|---|---|
Book | Mindef Library & Info Centre On-Shelf | 337.5 MON (Browse shelf(Opens below)) | 1 | Available | 0009559 | ||
Book | Training Institute Library On-Shelf | 337.5 MON (Browse shelf(Opens below)) | 1 | Available | 8424-2001 |
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.
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