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  2. 1997 Asian financial crisis - Wikipedia

    en.wikipedia.org/wiki/1997_Asian_financial_crisis

    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]

  3. October 27, 1997, mini-crash - Wikipedia

    en.wikipedia.org/wiki/October_27,_1997,_mini-crash

    On October 27, 1997, a global stock market crash was caused by an economic crisis in Asia, the "Asian contagion", or Tom Yum Goong crisis (Thai: วิกฤตต้มยำกุ้ง). The point loss that the Dow Jones Industrial Average suffered on this day currently ranks as the 18th biggest percentage loss since the Dow's creation in ...

  4. Four Asian Tigers - Wikipedia

    en.wikipedia.org/wiki/Four_Asian_Tigers

    Prior to the 1997 Asian financial crisis, the growth of the Four Asian Tiger economies (commonly referred to as "the Asian Miracle") has been attributed to export oriented policies and strong development policies. Unique to these economies were the sustained rapid growth and high levels of equal income distribution.

  5. Financial crisis - Wikipedia

    en.wikipedia.org/wiki/Financial_crisis

    A currency crisis, also called a devaluation crisis, [7] is normally considered as part of a financial crisis. Kaminsky et al. (1998), for instance, define currency crises as occurring when a weighted average of monthly percentage depreciations in the exchange rate and monthly percentage declines in exchange reserves exceeds its mean by more ...

  6. South Korean International Monetary Fund Agreement, 1997

    en.wikipedia.org/wiki/South_Korean_International...

    Southeast Asian financial crisis spread across Asia at the end of October [17] During November 1997: Rapid reduction in foreign exchange reserves, facing a crisis of sovereign default [17] Economic Council of Korea and the IMF. Step 3. Negotiation with the IMF (major agreement)

  7. Great Recession in Asia - Wikipedia

    en.wikipedia.org/wiki/Great_Recession_in_Asia

    During the 2008 global financial crisis, the BSE Sensex experienced a sharp decline. It dropped from over 21,000 points in January 2008 to below 8,000 points in October 2008 [26] India's economy benefited from recent high economic growth which declined greatly due to the global economic crisis.

  8. Asian Financial Crisis 2.0: Banking system creaks under ... - AOL

    www.aol.com/news/asian-financial-crisis-2-0...

    Chinese property developer Yida China is battling to avoid defaulting on its debt as the coronavirus pandemic slams sales, borrowing costs spiral and police detain a director on suspicion of ...

  9. Asian Monetary Fund - Wikipedia

    en.wikipedia.org/wiki/Asian_Monetary_Fund

    The Asian Monetary Fund (AMF) was an idea put forward by the Japanese government during the 1997 Asian financial crisis at the G7-IMF meetings in Hong Kong during September 20–25, 1997 that was never implemented. [1]