| Papers [1-15] of 100 :: [Page 1 of 7] | | Go to page : 1 2 3 4 5 6 7 —> | Search results on "ASIAN FINANCIAL CRISIS 1997": |
|
|
Asian Financial Crisis 1997-1998, 2008.
An examination of the external factors in the Asian financial crisis of 1997-1998.
1,687 words (approx. 6.7 pages), 6 sources, APA, $ 54.95
»
Click here to show/hide summary
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."
| |
|
The Asian Financial Crisis of 1997, 2002.
An analysis of the Asian Financial Crisis of 1997 which struck Thailand in July 1997, soon engulfed most of the countries in the region ,and at one time threatened to spread the world over.
3,200 words (approx. 12.8 pages), 15 sources, APA, $ 92.95
»
Click here to show/hide summary
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."
| |
|
The Asian Financial Crisis of 1997, 2006.
A review of the impact of the Asian financial crisis on the economies of the world.
3,375 words (approx. 13.5 pages), 5 sources, $ 133.95
»
Click here to show/hide summary
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.
From the Paper
| |
|
Asian Financial Crisis of 1997-1998, 2006.
A discussion regarding the impact of the Asian Financial Crisis on the global economy.
3,600 words (approx. 14.4 pages), 8 sources, $ 142.95
»
Click here to show/hide summary
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.
From the Paper
| |
|
Asian Financial Crisis, 2005.
An analysis of the Asian financial crisis of 1997, its causes and repercussions.
1,575 words (approx. 6.3 pages), 6 sources, APA, $ 55.95
»
Click here to show/hide summary
Abstract
This paper presents a review of the Asian financial crisis, triggered by the devaluation of Thailand's national currency, the baht, in 1997, and the role that the IMF played in making the crisis worse than it had to be.
From the Paper
"In July, the Thai government ended a long-time policy of linking the value of their national currency, the baht, to the U S dollar and it triggered a financial crisis in Asia. A rapid devaluation of the baht suddenly reduced export revenues, made imports much more expensive and made capital investments in Thailand less attractive. This was an economic meltdown that soon spread to Malaysia, Indonesia, the Philippines and Japan. Asian stock prices plunged as a result and there were worldwide repercussions. Some analysts suggest that speculators and the..."
| |
|
The Asian Financial Crisis, 2008.
This paper explores the causes of the Asian Financial crisis of 1997 and suggests preventative policies.
2,398 words (approx. 9.6 pages), 8 sources, MLA, $ 73.95
»
Click here to show/hide summary
Abstract
The paper looks at the role of the International Monetary Fund (IMF) and how its policies and oversights made problems worse in Southeast Asia and looks at Korea as an example. The paper looks briefly at the role of "crony capitalism" in Southeast Asia and focuses on Malaysia and Thailand in particular. The paper also examines structural factors, reviews the inherent irrationality of investors and explains the role of capital control regulations and premature liberalization in producing or deepening the crisis. The paper concludes that the IMF must allow developing nations to take matters into their own hands when looking at structural issues, while those countries must develop comprehensive oversight and "firewalls" that reduce cronyism and incompetence.
From the Paper
"The causes of the Asian Financial Crisis of 1997 are too numerous to be easily synthesized into one neat capsule. Nonetheless, looking at the matter from afar, it appears as though there was excessive foreign borrowing, far too much over-lending (although it is not clear if this over-lending was domestic, it may be inferred that too much bank capital went towards dubious, speculative ventures) and such an over-reliance upon foreign capital that, when the industrial sector began to slow down, the outflow of foreign capital was utterly debilitating."
| |
|
Asian Financial Crisis, 2002.
An analysis of the Asian Financial and Currency crisis that hit the economies of the South East Asian countries in the summer of 1997.
5,950 words (approx. 23.8 pages), 17 sources, APA, $ 141.95
»
Click here to show/hide summary
Abstract
This paper is about what came to be known as the Asian Financial Crisis of 1997-98, which hit Thailand in July 1997, soon engulfed most of the countries in the region and at one time threatened to spread the world over. It traces the history and background of the crisis, the reasons why it happened, the effects it has had socially, politically and economically. The paper also covers the approaches adopted by the countries involved, and the international financial institutions to overcome the crisis and the lessons that need to be learnt from it. The focus of the paper is on the business and economic aspects of the crisis and only briefly covers its cultural, social, and political ramifications.
From the Paper
"The next country to be affected by the Thai contagion was Philippines. Its central bank tried to support its currency by increasing the interest rates overnight. The Thai finance minister who was against devaluing the country?s currency resigned on June 19. The Thai prime minister continued to declare that his country would ?never devalue the baht? as late as June 30. But things had already gone out of hand as the Thailand?s central bank had limited reserves of dollars and soon ran out of them in trying to defend the bath. The Bank of Thailand was forced to announce a managed float of the currency on July 2 with an SOS to IMF for help. This resulted in a sudden devaluation of baht to record lows against the dollar and the start of the currency crisis in East Asia was well and truly underway."
| |
|
The Financial Crisis of 1997, 2005.
A discussion on the financial crisis of 1997 and its impact upon Thailand.
1,800 words (approx. 7.2 pages), 7 sources, $ 71.95
»
Click here to show/hide summary
Abstract
The paper reviews the impact of the financial crisis upon Thailand, which then spread through Southeast Asia, and also reviews its present impact upon that nation and whether or not this impact can be considered positive or negative. The paper takes the view that the 1997 crisis was devastating initially for the people of Thailand. However, if there are any lingering effects, they are largely positive ones as the country has remodeled itself and revamped a financial sector that was plagued by a lack of transparency, proper over-sight and inefficiency.
From the Paper
"The 1997 financial crisis in Southeast Asia was a water-shed moment in many ways. Not least of all, the crisis in Thailand brought an unceremonious end to the heady optimism that had spread through the region during the course of the booming 1980s and 1990s. While economic growth in Asia during this period rewarded various groups unevenly - as is generally to be expected in predominantly free markets - there was a general economic healthfulness that offered the promise of still more gains in the future. Suffice it to say, these roseate projections for the future were turned up-side-down by the sudden collapse of the Thai baht and the subsequent currency devaluation experienced in other parts of Asia. This paper will briefly review the impact of the crisis upon Thailand (the nation wherein the problem began)."
| |
|
Asian Financial Crisis, 2005.
This paper discusses the economic crisis in Asia in 1997-8 in the light of other crashes throughout history, from the prototypical and definitive bubble-and-crash phenomenon to the recent 1989 bubble and crash of the Japanese stock market.
1,740 words (approx. 7.0 pages), 2 sources, APA, $ 56.95
»
Click here to show/hide summary
Abstract
This paper explains that, generally, the cause of the crisis can be narrowed down to government and banking financial policies at the time of the crisis, which were trying to develop foreign exchange currency strength in the face of insurmountable internal weaknesses. The author points out that the effects of the economic problems of the troubled Asian countries adversely affected the whole world, especially the United States and Japan. The paper stresses that it is very hard it to predict the financial future in terms of economic crisis, no matter how obvious the signs seem in retrospect.
Table of Contents
Introduction
Causes of Crisis
Effect on World Economy
Solutions
Conclusion
From the Paper
"As mentioned, the Asian financial crisis of 1997-98 can be compared in many ways to the 1989 Japanese Stock Market situation, which in turn bore some similarities to the 1929 crash in America, in that banks did not respond appropriately and raised interest rates or kept them the same instead of cutting them, in the fear that decreasing interest would only feed more speculation. The result was similarly a disaster. The banks of Japan essentially burst the speculative bubble themselves after increasing deregulation along with a dearth of experience had created new paradigms for them with which they were not prepared to deal."
| |
|
East Asian Financial Crisis, 2007.
This paper examines the role of the IMF (International Monetary Fund) in South Korea during the East Asian economic crisis.
3,649 words (approx. 14.6 pages), 10 sources, MLA, $ 101.95
»
Click here to show/hide summary
Abstract
The paper discusses the 1997 East Asian financial crisis, also termed the IMF crisis locally within the region, that saw the downturn of many East Asian and Southeast Asian economies. The paper explains that the International Monetary Fund (IMF) received much of the blame due to its handling of the crisis. The paper focuses on the IMF efforts in South Korea and reveals that the IMF today is moving toward a less restrictive and more realistic system.
Outline:
Introduction
The East Asian Economic Crisis
South Korea
Conclusion
From the Paper
"The South Korean Central Bank was forced to expand its open market operations (OMO) in order to attempt to stabilize its currency. By elevating the amount of OMO in terms of their own securities, Central Banks attempt to control extreme devaluation in times of stress or manage exchange rates in a more stable fashion (Guille 57). For South Korea, contracting the amount of currency through sales of securities was extremely important in controlling the free-fall of the Won during the extent of the crisis."
| |
|
Thailand and the East Asian Financial Crisis, 2003.
An analysis of the economy of Thailand as part of the wider East Asian economy.
3,110 words (approx. 12.4 pages), 15 sources, MLA, $ 90.95
»
Click here to show/hide summary
Abstract
The essay examines the conditions in Thailand that led to effective devaluation of the Thai Baht in July of 1997 and the reasons for the ?contagion? that affected other East Asian economies. The paper also includes a survey of the reforms undertaken by the Thai Government since the crisis.
Contents:
Introduction
Economic Growth before the Crisis
Macroeconomic Policy Mix before the Crisis
Financial Sector before the Crisis
Regulatory Weaknesses before the Crisis
Reasons for Contagion in Other Countries
Survey of Reforms
Conclusion
From the Paper
"The countries of East Asia have long been called the ?Asian Tigers? due to growth rates averaging 8 per cent annually over the past two decades; large rises in per capita income, high domestic savings, low budget deficits and low inflation. However, it appears that the very success of high economic growth of these countries led foreign investors to underestimate the underlying economic weaknesses as the East Asian Financial crisis unfolded."
| |
|
The Financial Crisis in East Asian Economies, 2006.
An analysis of the East Asian financial crisis of 1997-1998 and whether the crisis is really over.
1,800 words (approx. 7.2 pages), 3 sources, $ 71.95
»
Click here to show/hide summary
Abstract
This paper discusses the East Asian financial crisis of 1997-1998 and how it represented not only a shock to the regional economies of East Asia but, in a larger context, a blow to the confidence of global financial markets in the fundamental structural soundness of East Asian economies. The paper points out that the East Asian economies that were at the center of the crisis - in particular, Thailand and South Korea - were also among those being most highly praised for their market liberalization and fiscal prudence during the regional economic boom of the 1990s. This, in particular, represented troubling concerns for the global economic community in terms of the validity and trustworthiness of assessments of East Asian economies. With this in mind, this paper considers whether it is safe to assume that the crisis is truly over.
| |
|
Currency and Financial Crisis in Southeast Asia, 2004.
This paper analyzes the Asian financial crisis of 1997-1998 in Korea, Thailand, Malaysia, and the Philippines.
6,090 words (approx. 24.4 pages), 28 sources, MLA, $ 143.95
»
Click here to show/hide summary
Abstract
This study applies ordinary least squares (OLS) estimation procedures, with and without lags, to identify the causes of currency crises in selected economies during the 1997-98 East Asian currency and financial crisis. The author states that the cause of the crisis was attributed to initial macroeconomic conditions, weak macroeconomic fundamentals, financial sector regulation, and policy reaction. The paper relates that the empirical results were consistent with previous literature on currency crises; episodes of depreciation appear to be associated with the depletion of foreign exchange reserves and the increase in foreign liabilities. Equations. Tables.
Table of Contents
Introduction
Classical Theory
Empirical Research Explaining Currency Crisis
First Generation Models
Second Generation Models
Third Generation Models
Policy Reactions and the Role of the IMF
Conceptual Model
Initial Conditions
Deterioration of Macroeconomic Fundamentals
International Sector and Financial Regulation
Macroeconomic Policy
Ideal and Actual Data
Measuring the Symptoms
Measuring Currency Crisis
Actual Data
Results and Analysis
Conclusion
Appendix I: Summary of Data and Indicators Used in Previous Studies
Appendix II: General F-Tests
Appendix III: Statistical Analysis for Multicollinearity and Heteroskedasticity
Appendix IV: E-views Output of Granger Causality Tests
From the Paper
"Although Korea, the Philippines and Thailand followed the classic prescription of raising their interest rate to defend their currencies, all three saw continued depreciations, well in excess of what would be predicted by the currency crisis models Furman and Stiglitz (1997). From a policy perspective, Goldfajn and Gupta (1998) look the real exchange rate ?undervaluation? episodes in 80 countries following the crises to assess whether tight monetary policy brings about a recovery in the real exchange rate through a nominal appreciation of the exchange rate. They find that in their total sample, tight monetary policy increases the probability of recovery by about 10 percentage points. But among countries undergoing simultaneous banking and currency crisis, as in East Asia, tight monetary policy is associated with roughly 10 percentage points lower probability of success. Both of these differences are statistically significant."
| |
|
The Causes of South Korea's Financial Crisis, 2005.
A review of South Korea's financial crisis of the late 20th century.
1,350 words (approx. 5.4 pages), 4 sources, $ 53.95
»
Click here to show/hide summary
Abstract
This paper discusses the cause of the Asian Financial Crisis in 1997, and the South Korean government's reaction to monetary and financial pressures. According to this paper, the Asian financial crisis has many causes and consequences, but loans by U.S. banks to businesses in South Korea and elsewhere are an important part of the story. These loans helped create the crisis by supporting unsound investments and creating repayment obligations that Korean enterprises were unable to meet, thus undermining financial market confidence in the South Korean economy.
From the Paper
"For thirty years prior to the Asian' financial crisis South Korea enjoyed fast growth that translated into impressive economic performance, strong fiscal positioning, and macroeconomic stability (Radelet et al). Economic indicators including decreased inflation, increased saving rates, open economies, and thriving export segments made it impossible for economists to predict what was to follow. In the summer of 1996, the Asian financial crisis erupted in Thailand after the country had just experienced an influx in economic growth."
| |
|
Thailand Financial Crisis, 1997.
Examines the micro and macro-economic, political and social factors that contributed to the Thai financial crisis of 1997-8. Discusses exchange rates, size and openness, inflation, wage rates, financial sector development, central bank and mobility of ca
3,375 words (approx. 13.5 pages), 13 sources, $ 119.95
»
Click here to show/hide summary
Abstract
From the Paper
"Introduction: Situation Overview
On June 27, 1997, the finance ministry of Thailand, along with the Bank of Thailand, that nation's central bank, announced that activities of sixteen financial and securities firms were to be suspended for thirty days, and directed the troubled firms to find merger partners. Five days later a further and dramatic step was taken: Finance Minister Tanong Bhidaya declared that the Thai central bank would no longer support the baht, the Thai currency, at its fixed exchange rate of 24.45 bahts to the dollar.
The initial reaction of international financial observers was positive. On July 10, the respected Far Eastern Economic Review reported these developments under the headline "Free at Last," with a subtitle reporting that "Thailand floats the baht, begins financial-sector clean-up" (Vatikiotis, 1997a, 70). According to ..."
|
|
|
