After the East Asian crisis, an Asian monetary fund was considered.

The Asian Crisis Ten Years After

But the evolution of the Greek crisis is different from the Asian crisis.

Indeed, what the West calls the Asian financial crisis is known in Asia as the IMF crisis.

During the East Asian crisis of 1997 1998, poverty rose sharply.

Back in 1997 1998, during the Asian crisis, the G 7 flatly rejected Japan s proposal for an Asian Monetary Fund.

One Asian economy emerged from the 1997 1998 crisis relatively unscathed China.

One Asian economy emerged from the 1997 1998 crisis relatively unscathed China.

Surveillance of national macroeconomic and, since the Asian crisis, financial policies remains at the centre of crisis prevention efforts.

This pattern was evident in the 1997 1998 Asian financial crisis, the 2008 global financial crisis, and the eurozone crisis that erupted in 2010.

Such a tendency contributed significantly to the Asian financial crisis of 1997 98.

Indonesia was the country hardest hit by the late 1990s Asian financial crisis.

Japan expanded bilateral swap facilities with its Asian neighbors during the global financial crisis.

Recall that the 1997 Asian crisis started in Thailand again, not a large economy.

Economic interdependence in East Asia gained momentum following the Asian financial crisis of 1997 1998.

He pointed to how the Asian financial crisis in the late 1990 s caused the region s voracious investment demand to collapse, while simultaneously inducing Asian governments to stockpile liquid assets as a hedge against another crisis.

The notion of concerted lending was applied in the big Mexican crisis of 1994 95 and in the East Asian crisis of 1997 8.

No lesson was learned from the Asian financial crisis, which underscored the importance of social protection.

China and other developing Asian economies are experiencing an industrial accident crisis of world historical proportions.

Since the 1997 1998 crisis, Asian governments have sought to keep their distance from the Fund.

The Asian financial crisis of a decade ago brought banks, corporations and governments to their knees.

Investment flows have recovered, reaching the annual average for the years prior to the Asian crisis.

In a little more than a year, the Asian financial crisis became a global financial crisis, with the crash of Russia s ruble and Brazil s real.

In response to the crisis, Asians sought to establish an Asian Monetary Fund, which would help any crisis hit country by providing massive liquidity assistance.

NEW HAVEN Asian authorities were understandably smug in the aftermath of the financial crisis of 2008 2009.

Finally, after Mexico s 1994 95 peso crisis and the 1997 1998 Asian financial crisis, the US exported its new banking model to the emerging market economies.

The Asian financial crisis illustrated how easily a crisis can spread from country to country as economies and markets become more integrated by trade and investment links.

During the 1997 1998 Asian financial crisis, the renminbi s stability played an important role in stabilizing the region.

The Asian financial crisis persuaded China s leaders to shelve plans, launched in 1994, to liberalize the capital account.

Reforms have permitted sustained economic growth since 1993, except for a slump after the 1997 Asian financial crisis.

In 1985 and 1998, Singapore was affected by, respectively, a major economic recession and the Asian economic crisis.

Its overvaluation began with the Mexican peso crisis of 1994, and was officially enshrined by the strong dollar policy adopted after the East Asian financial crisis of 1997.

During the Asian financial crisis of 1997 1998, Chinese officials did not engage in competitive devaluation of the renminbi.

Since the 1997 1998 Asian economic crisis, the Government has recognized the continuing importance of the globalization of Singaporean enterprises.

In aggregate, these flows are returning to the record levels that had prevailed before the Asian financial crisis of 1997.

The fallback in bond prices does not yet portend a repeat of the Latin American debt crisis of the 1980 s or the Asian financial crisis of the late 1990 s.

In the intervening years, particularly after the Asian Financial Crisis, the pro market, anti intervention Washington Consensus fell out of favor.

During the Asian financial crisis in November 1997 he returned to be Deputy Prime Minister and also became Minister of Commerce.

The notion of concerted lending was applied in the big Mexican crisis of 1994 95 and in the East Asian crisis of 1997 8. The whole point of crisis management was to avoid risks to the system and thus bankruptcy.

As a result, when the Asian financial crisis struck in 1997, China was insulated from the volatility that ravaged its fragile neighbors.

After all, during the Asian financial crisis in 1998, we did not come to their aid ten years later, they saved us.

Finally, not unlike what happened during the Asian crisis in the late 1990 s, the troika took country cases one by one.

Capital controls enabled China to emerge from the Asian financial crisis of 1997 1998 largely unscathed, even though its financial system was at least as fragile as those of the affected countries. The Asian financial crisis persuaded China s leaders to shelve plans, launched in 1994, to liberalize the capital account.

Relative to the US dollar, an equal weighted basket of 10 major Asian currencies (excluding Japan) has retraced the crisis related distortions of 2008 2009 and has now returned to pre crisis highs.

During the East Asian crisis of 1997 1998, poverty rose sharply. For example, Indonesia s poverty rate soared from roughly 11 to 37 during the crisis, mainly owing to the massive depreciation of the rupiah.