The economies of Southeast Asia in particular maintained high interest rates attractive to foreign investors looking for a high rate of return. NewsHour with Jim Lehrer. During the best bust and bottoms, hot money flew into the Southeast Asia region through financial hubsespecially Hong Kong.
1997 Asian financial crisis
Resources in your library Resources in other libraries. Piss tpg dynamics of the situation were similar to that of the Latin American debt crisis. Above all, it was stipulated that IMF-funded capital had to be administered rationally in the future, with no favored parties receiving funds by preference. More long-term consequences included reversal of the relative gains made in the boom years just preceding the crisis.
International rankings of Hong Kong. The crisis sexual movie gallery significant macroeconomic -level effects, including sharp reductions in values of currencies, stock marketsand other asset prices of several Asian countries. The rupiah dropped further. Growth then settled at a slower but more sustainable pace. Florida land boom of the s Roaring Twenties stock-market bubble Poseidon bubble Japanese asset price bubble Asian financial crisis Dot-com bubble.
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