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Bookmark or Share- 1997 Asian financial crisis - WikipediaAlthough most of the governments of Asia had seemingly sound fiscal policies, the International Monetary Fund (IMF) stepped in to initiate a $40 billion program to stabilize the currencies of South Korea, Thailand, and Indonesia, economies particularly hard hit by the crisis.
- South Korean International Monetary Fund Agreement, 1997In November 1997 during the Kim Young-sam administration, Korea received funding from the International Monetary Fund (IMF) due to a lack of foreign exchange reserves. The South Korean International Monetary Fund Agreement was implemented when South Korea , which was in a foreign exchange crisis, signed a memorandum of understanding with the ...
- The Asia Crisis: Causes, Policy Responses, and Outcomes - IMFThis paper tells the story of the Asian financial crisis by addressing four questions: What were the causes of the crisis, how did the crisis unfold, what were the policy responses, and what have been the outcomes?
- The Asian Crisis, the IMF and the Critics - JSTORIMF policies, particularly their long-run impact, the Asian crisis presented a very different set of conditions to the Fund. It was triggered not by financial excesses of governments but by those of the private sector. It reflected, moreover, a set of new and more complex factors stemming from the globalizing of financial markets that
- From the Asian Financial Crisis to Today - IMFThe Asian financial crisis of 1997 revealed the region’s vulnerability to cross-border capital flows. Banks and corporations had borrowed massively and cheaply in US dollars, often on very short terms.
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