The Asian financial crisis and the policy responses / Noorain Omar ...[et al.]
The severe economic slowdown and monetary crisis that affected most Asian countries after massive speculative activity forced the devaluation of the Thai baht in July 1997. Many other currencies in the region came under heavy pressure from speculators, forcing interest rates to rise, while asset...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Universiti Teknologi MARA, Kedah
2013
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| Online Access: | https://ir.uitm.edu.my/id/eprint/31132/1/AJ_NOORAIN%20OMAR%20VOA%20K%2013_2.pdf |
| _version_ | 1796903172273340416 |
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| author | Omar, Noorain Saad, Ramli Abdullah, Mohd Zulhelmey |
| author_facet | Omar, Noorain Saad, Ramli Abdullah, Mohd Zulhelmey |
| author_sort | Omar, Noorain |
| collection | UITM |
| description | The severe economic slowdown and monetary crisis that affected most
Asian countries after massive speculative activity forced the devaluation of
the Thai baht in July 1997. Many other currencies in the region came under
heavy pressure from speculators, forcing interest rates to rise, while asset
values fell as money flowed out of Asia. Banking systems came under enormous
pressure, with bad debt levels rising sharply. The crisis lasted through
1998, but growth remained weak until the Internet boom began to take hold
in 1999-2000. The deflationary impact of the Asian financial crisis could
still be felt until economies began a sustained recovery in 2003. The objective
of this paper is therefore to provide a snap shot of the 1997 financial
crisis in Asia, how it was tackled by different governments in the region and
most importantly, the lessons that can be learnt from it. |
| first_indexed | 2024-03-06T02:16:11Z |
| format | Article |
| id | oai:ir.uitm.edu.my:31132 |
| institution | Universiti Teknologi MARA |
| language | English |
| last_indexed | 2024-03-06T02:16:11Z |
| publishDate | 2013 |
| publisher | Universiti Teknologi MARA, Kedah |
| record_format | dspace |
| spelling | oai:ir.uitm.edu.my:311322020-06-11T07:34:31Z https://ir.uitm.edu.my/id/eprint/31132/ The Asian financial crisis and the policy responses / Noorain Omar ...[et al.] voa Omar, Noorain Saad, Ramli Abdullah, Mohd Zulhelmey Environmental policy and economic development. Sustainable development. Environmental management Financial management. Business finance. Corporation finance The severe economic slowdown and monetary crisis that affected most Asian countries after massive speculative activity forced the devaluation of the Thai baht in July 1997. Many other currencies in the region came under heavy pressure from speculators, forcing interest rates to rise, while asset values fell as money flowed out of Asia. Banking systems came under enormous pressure, with bad debt levels rising sharply. The crisis lasted through 1998, but growth remained weak until the Internet boom began to take hold in 1999-2000. The deflationary impact of the Asian financial crisis could still be felt until economies began a sustained recovery in 2003. The objective of this paper is therefore to provide a snap shot of the 1997 financial crisis in Asia, how it was tackled by different governments in the region and most importantly, the lessons that can be learnt from it. Universiti Teknologi MARA, Kedah 2013 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/31132/1/AJ_NOORAIN%20OMAR%20VOA%20K%2013_2.pdf The Asian financial crisis and the policy responses / Noorain Omar ...[et al.]. (2013) Voice of Academia (VOA) <https://ir.uitm.edu.my/view/publication/Voice_of_Academia_=28VOA=29/>, 8 (1). p. 15. ISSN 2682-7840 https://voa.uitm.edu.my/ |
| spellingShingle | Environmental policy and economic development. Sustainable development. Environmental management Financial management. Business finance. Corporation finance Omar, Noorain Saad, Ramli Abdullah, Mohd Zulhelmey The Asian financial crisis and the policy responses / Noorain Omar ...[et al.] |
| title | The Asian financial crisis and the policy responses / Noorain Omar ...[et al.] |
| title_full | The Asian financial crisis and the policy responses / Noorain Omar ...[et al.] |
| title_fullStr | The Asian financial crisis and the policy responses / Noorain Omar ...[et al.] |
| title_full_unstemmed | The Asian financial crisis and the policy responses / Noorain Omar ...[et al.] |
| title_short | The Asian financial crisis and the policy responses / Noorain Omar ...[et al.] |
| title_sort | asian financial crisis and the policy responses noorain omar et al |
| topic | Environmental policy and economic development. Sustainable development. Environmental management Financial management. Business finance. Corporation finance |
| url | https://ir.uitm.edu.my/id/eprint/31132/1/AJ_NOORAIN%20OMAR%20VOA%20K%2013_2.pdf |
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