Abstract
A look at the causes and lessons of the 1997 Asian financial crisis.

From the Paper
"At both ends of the Asian Financial Crisis, the IMF can be found meddling. In the years leading up to the crisis, the IMF took great efforts to promote currency liberalization in the region in the name of globalization to Thailand and the Philippines, two countries hit hardest by the crisis, and offer attractive incentives to manufacturing firms like tariff-free export zones. These as well as the availability of cheap labor made these countries attractive places for western firms to..."

Tags:Asian Financial Crisis, imf, asia, finance, crisis

Abstract
The paper discusses how the East Asian financial crisis was an important developmental economic event in that region. This present research attempts to put that financial crisis in perspective and to examine the speculation on whether the region still might suffer from or be prone to the effects of such a financial crisis.

From the Paper
"The East Asian financial crisis was an important developmental economic event in that region. This present research attempts to put that financial crisis in perspective and to examine the speculation on whether the region still might suffer from or be prone to the effects of such a financial crisis. The East Asian financial crisis can best be characterized as a currency crisis. The standard currency crises model describes an..."

Tags:financial, crisis, malaysia

Abstract
This paper examines the Asian Financial crisis of 1997 and explores some of its causes. Using Korea as an example, the writer shows how the policies of the IMF made the economic situation worse. The paper also looks at structural factors, reviews the inherent irrationality of investors, and explains the role of capital control regulations (or initial lack thereof) in producing the crisis - or at least deepening it. The paper concludes with recommendations on how to prevent a repeat of the crisis. The writer suggests that the IMF must allow developing nations to take matters into their own hands when looking at structural issues - and those countries must develop comprehensive oversight and "firewalls" that reduce cronyism and incompetence.

From the Paper
"The following paper will look at the Asian Financial crisis of 1997 and explore some of the problems that clearly made this unfortunate event possible. Specifically, in addition to examining the causes of the catastrophe, this paper will look at the role of the IMF and how its policies and oversights made problems worse in Southeast Asia - with Korea being used extensively as an example. From there, the paper will look briefly at the role of "crony capitalism" in Southeast Asia; again, because of the spatial constraints, two nations in particular - Malaysia and Thailand - will be examined."

Tags:financial, crisis, asia

Abstract
This paper details the roots and causes of the Asian Financial Crisis in the late 90's. The author discusses some of the economic conditions responsible for the crisis and the various countries involved.

From the Paper
"Some economic analysts have described the Asian financial crisis as one of the worst financial disasters to occur in history. These same economists argue that the Asian financial crisis was far worse than the Latin American debt crisis and could be likened to the great depression of the 1930's. While not any one specific cause can attempt to explain the reason for the crisis, a number of factors during this time frame existed that helped to facilitate the collapse of the Asian economy. Each country affected by the crisis had different impending circumstances for being vulnerable to this predicament during that time period. The crisis began in a few concentrated countries in southeastern Asia and by the end had propagated throughout many of the countries located in Asia bringing devastating affects."

Tags:asia, asian, china, collapse, crisis, depression, economic, financial, fiscal, recession, thailand, vietnam

Abstract
This paper seeks to examine and analyze the causes of the Asian financial crisis and their effects. It evaluates the impact of such factors as currency overvaluation and debt liquidity on the extent of the bubble collapse. It also looks at the exasperation of the crisis by sovereign and IMF intervention and seeks to explain the ramifications of the crisis at a sovereign and domestic firm-based level.

From the Paper
"Currency overvaluation severely affected the Asian nations when combined with the precarious use of debt. The prolific use of foreign currency denominated debt within Asian was only tenable in conjunction with a stable exchange rate. Here, however, despite little rise in real exchange rate, the long run growth rate of Asian countries such as Thailand did not match that of the $US - indicating currency overvaluation. Following the depreciation of the Baht other Asian currencies depreciated due to export competitiveness- an example of contagion . The currency devaluation made it more difficult to make payments in other currencies, thus non-performing loans increased. The foreign currency risk adopted by Asian countries was compounded by liquidity risk."

Tags:debt, exchange, financial, foreign, illiquidity, imf, liberalization

Abstract
This paper reviews how in the contemporary context in the middle of the first decade of the 21st century, the Asian Financial Crisis of 1997-1998 seems a distant memory that has been obscured by the meteoric economic boom of China and the global changes that have occurred post-September 11, 2001. However this perspective risks ignoring the significance of this crisis given that the underlying structures of the global economy during this crisis, in particular the phenomenon of globalization and its primary institutions the International Monetary Fund (IMF) and World Trade Organization (WTO) continue to shape our economy today.

Tags:asia, crisis, economics

Abstract
In this article, the writer examines the Asian financial crisis of 1997-1998 as recognized in different countries as owing to foreign causes demanding domestic and regional responses. The writer notes that sources indicate a contrasting U.S. view while expressing different models pursued towards recovery in Asia that do not point to neo-liberal globalization model. The writer maintains that emphasis has shifted to regional politics towards apprehensions concerning Sino-Jap relations and looks at how to fortify region against US/foreign influence.

Tags:financial, crash, cause, results

Abstract
This paper looks at a more neglected dimension of the Asian financial crisis: the role of political factors and the role of political-economic interaction in initiating the crisis, determining the depth of the crisis and shaping the recovery from the crisis. The paper explains that the Asian crisis was a global problem of large proportions; countries as far away as the United States felt the burden of the Asian problems with economic issues and political problems. The paper examines how politics played a vital role in the financial crisis due to money, politics and nepotism. The paper concludes that it will take a great deal of time before there is any real trust put into the governments and political systems of many of these countries.

Outline:
Introduction
Economic Determinants of Asian Financial Crises
The Role of Politics in Asian Financial Crises
Post Crises Recovery and Crises Management
Conclusion

From the Paper
"Known as the G-7 several industrialized countries, specific countries have been supplying and controlling the flow of capital funds to third-world countries. These countries are the United States, Canada, France, Great Britain, Germany, Japan, and Australia. Because the G-7 group has such enormous and far-reaching economic strength, it can dictate and control the interest rate that the countries in its group charge to the nations that wish to borrow money. This is very significant for the third-world countries when they borrow money because they have little control over the rate of interest that they pay and they are not able to 'shop around' and find a better rate for their borrowing."

Tags:money, politics, nepotism, government

Abstract
This paper explains that, because investors lost confidence, the Asian financial crisis was not just a domestic problem but rather spread to other parts of the, world especially Third World countries. The author posits that the recovery from the crisis was dependent on the macro economy prior to the crisis within each country. The paper relates that South Korea and Malaysia have different internal structures, were at different levels of development before the crisis and have different survival rates with very different 'after crisis' scenarios. The author points out that the crisis in Malaysia was more of a currency crisis, which had spillover effects within other sectors of the macro economy; however, South Korea faced more of a banking crisis. The paper discuses the role of the International Monetary Fund, the government's role in each region and the Asian Monetary Fund to present a policy outline for preventing future crises.

Table of Contents:
Introduction
A Historical Debate
Asian Financial Crisis: A Closer Look at South Korea and Malaysia
Role of the IMF
Figure 1: Malaysia's and South Korean Unemployment Worsened by IMF Policies
Asian Monetary Fund: Policies and Procedures for Future Crises.
Figure 2: Economic Growth, the Main Aim of the AMF: Implications for Asia

From the Paper
"There were a lot of issues that caused the financial crisis. Mainly, investors lost confidence in the Asian market and started to remove capital from South Korea and Malaysia. The onset of the loss of confidence by investors began when the economies, such as Mexico had crises that preceded the Asian crisis. Similarly, the United States was increasing interest rates during the period to lower inflation as part of its monetary policy. Investors prefer to invest in the United States versus Asia, since the former is considered less risky."

Tags:growth, boom, sustainable, devalue, labor

Abstract
This paper examines the significance of the Asian financial crisis of the late 1990s and its repercussions. It explains how the financial crisis provided an important lesson to the Asian economies affected in terms of allowing any degree of dependence on foreign investment. The writer discusses how the crisis induced a 'New Asian Miracle' in different Asian economies.

Outline:
Introduction
The Attractiveness of Asia
Reactions to the Crisis
American Dimensions
Asian Perceptions
Concluding Remarks

From the Paper
"Various domestic conditions have been connected to the Asian financial crisis of 1997-1998 but this paper centers on global forces that created unexpected change to induce the crisis at international as opposed to regional or national levels. Kawai Et Al stress that private capital flows to developing countries grew high in the 1990s so that a sudden drop in investment caused a 1994 crisis in Mexico and South America, then the East Asian crisis. (2005: 185) This World Bank-oriented article is typical of many that rather minimize the role of American patterns of investment that contributed directly to what Asian countries sustained in the 1990s. Throughout East and Southeast Asia governments noted fast falling markets and varied domestic responses as capital ceased to arrive as it had before from developed countries."

Tags:investment, political, economy, markets, World, Bank, drop