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

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 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 is about the Asian Financial Crisis of 1997, one of the severest financial meltdowns to hit a group of countries in modern day history. It describes how the crisis developed, gives a hypotheses about its causes followed by evidence from research, explaining the causes in detail. Effects of the crisis and a conclusion containing a summary of the research and lessons learnt are also included.

From the Paper
"The unprecedented economic growth of the Southeast Asian countries in the 1980s and 90s was a result of "opening-up" of their economies to take advantage of the globalization trend. This coincided with rapid appreciation of the Japanese yen in the mid-1980s that drove the cost of production sky high in Japan, forcing several Japanese companies to move their production facilities offshore initially, to South Korea and Taiwan. The Japanese also started an aggressive policy of monetary expansion resulting in "asset price bubble," and triggering massive capital inflows into South Korea and Taiwan. By the late 1980s, the Korean and Taiwanese economies experienced a similar appreciation in their currencies, followed by similar policies and large capital outflows to the neighboring Southeast Asian countries."

Tags:imf, currencies, stock, singapore, taiwan, malaysia, indonesia, international, banks

Abstract
This paper reviews the Asian Financial Crisis of 1997, thought to have marked a dramatic end to a period of unprecedented economic growth among newly industrializing nations of East Asia. Analysis of the crisis indicates that the revelation of its origins in the hidden and often corrupt relationships between government banks and enterprises of many of these economies has fostered a lack of confidence in the health and transparency of these economies. According to this paper, the lack of confidence has been with the fading of the immediate economic shocks of the Crisis the most lasting impact of this event.

Tags:asia, economics, finance