The Asian Financial Crisis of 1997 Research Paper by Master Researcher

The Asian Financial Crisis of 1997
A review of the impact of the Asian financial crisis on the economies of the world.
# 90957 | 3,375 words | 5 sources | 2006 | US
Published on Dec 01, 2006 in Economics (International) , Economics (Macro) , Economics (General)

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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.

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