Views Read Edit View history. This shrink in investments only worsened the financial conditions in Asia  subsequently leading to the depreciation of the Thai baht on 2 July The massive current account deficit became a fairly substantial surplus. In Maythe Bangko Sentral ng Pilipinas literally "Central Bank of the Philippines"the country's central bank, raised interest rates by 1. Argentina is in emergency talks to secure a bailout from the International Monetary Post asian crisis.
Hold those fears of an Asian crisis. US$3 trillion time bomb looks like a slow burner
Various task force agencies were formed. ByThailand's economy had recovered. Soros claims to have been a buyer of the ringgit during its fall, having sold it short in Development money went post asian crisis a largely uncontrolled manner to certain people only - not necessarily the best suited or most efficient, but those closest to the centers of power. Post asian crisis stock market crashes in the Dutch Republic.
1997 Asian financial crisis
Happily, there are good reasons to believe that it will. The crisis led to a drop in consumer and spending confidence see 27 October mini-crash. The Corporate Debt Restructuring Committee dealt with corporate loans. In the near term, that unwinding could still have further to run. The timing of government programs such as the Interim Upgrading Program and post asian crisis construction related projects were brought forward.