Asia

Introduction Between 1997 and 1998 the currencies of Indonesia, Thailand, and South Korea lost over a third of their value, while the currencies of the rest of Asia lost over one-fifth their value. This economic downturn was fueled by many variables. Pinpointing those variables may be impossible. There are however many theories as to which entities lent hands in the collapse of the Asian economies and their currencies. The fundamental issue in Asia was a liquidity problem, …

…there are many factors that may have aided in the currency crisis, this paper examined some of the more supported ideas. The problem is that such a crisis could have been avoided, but now it has had serious complications and damaging effects on the people and the environment in the region. With such damage, the economy is weaken and vulnerable to even more threats. The financial economy may recover, but the real economy may not.