The 1997 Asian financial crisis was a period of financial crisis that gripped much of East and Southeast Asia during the late 1990s. The crisis began in Thailand in July 1997 before spreading to several other countries with a ripple effect, raising fears of a worldwide economic meltdown due to financial contagion . [ 1 ]

2024年4月19日 · The Asian financial crisis, also called the “Asian Contagion,” was a sequence of currency devaluations and other events that began in July 1997 and spread across Asia.

2024年12月3日 · The 1997–98 Asian financial crisis began in Thailand and then quickly spread to neighbouring economies. It began as a currency crisis when Bangkok unpegged the Thai baht from the U.S. dollar, setting off a series of currency devaluations and massive flights of capital.

2013年11月22日 · A financial crisis started in Thailand in July 1997 and spread across East Asia, wreaking havoc on economies in the region and leading to spillover effects in Latin America and Eastern Europe in 1998.

The Asian Financial Crisis is a crisis caused by the collapse of the currency exchange rate and hot money bubble. The financial crisis started in Thailand in July 1997 after the Thai baht plunged in value. It then swept over East and Southeast Asia.

2022年2月20日 · What Is Asian Financial Crisis of 1997? The Asian financial crisis occurred in 1997 due to continual currency devaluations, leading to stock market fluctuations and asset price changes. The market turmoil began in Thailand as it unpegged the Thai baht from the US dollar.

2016年3月29日 · This paper takes a thorough look at the 1997-1998 Asian financial crisis, examining its major causes, the way the affected countries recovered, and their paths going forward.

1998年2月6日 · The Asian financial crisis was initiated by two rounds of currency depreciation that have been occurring since early summer 1997. The first round was a precipitous drop in the value of the Thai baht, Malaysian ringgit, Philippine peso, and Indonesian rupiah.

The Asian financial crisis that was triggered in July 1997 was a shocker. Even two years after it ended, anxiety still loomed over global financial markets.

2021年9月29日 · In June 1997, a financial crisis emerged that swept across most of the tiger economies of Southeast Asia and major players in East Asia; it even had significant repercussions across the globe in the United States.