Cause of Asian financialcrisis and the way of reform
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Introduction
Asian financial crisis first start in July 1997 in Thailand. It gives a big shock to Asian Economy. And the waves of this crisis have affect the whole world.
In this essay, I will explain the main contributory of this crisis and the reform from the economists about this crisis.
Crisis summary
The Asian financial crisis was a terrible financial crisis. It first started in July1997 in Thailand, and affected currencies, stock markets, and other asset prices of several South East Asian economies.
Indonesia, South Korea and Thailand were the countries most affected by the crisis. Malaysia, Philippines and Hong Kong also hit by the slump. Mainland China and Taiwan were relatively uneffected. Japan was not affected much by this crisis but was going through its own ongoing long-term economic difficulties...