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

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

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.

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

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

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

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

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

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

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

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.

The Asian Crisis Ten Years After

The Financial Stability Forum, created after the Asian financial crisis as an informal coordinating body the United States resisted anything stronger was renamed the Financial Stability Board.

Ten years ago, at the time of the Asian financial crisis, there was much discussion of the need to reform the global financial architecture.

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

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.

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.

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.

Innovation Crisis or Financial Crisis?

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

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.

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

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.

In 1998, during the Asian financial crisis, instead of engaging in beggar thy neighbor devaluations and financial protectionism, countries found common ground to guard against future crises.

The financial crisis.

Mr. Nijhar (Malaysia) said that, following the 1990s financial crisis, the Asian region had made significant progress in strengthening the underlying economic structures of the region's financial system.

Indeed, it has been shown that countries that used such regulations were hit less severely by the recent global financial crisis, and many economists argue that this was also true of the 1997 1998 Asian financial crisis.

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.

But every major international crisis since then has chipped away at its authority. The 1997 1998 Asian financial crisis undermined its legitimacy in Asia, as many governments in the region believed that the crisis was being exploited by the United States and US financial institutions.

Ten years ago, as the Asian financial crisis savaged Indonesia s economy, many experts predicted that the country would become unstable, if not splinter.

Sixteen years ago, the Asian financial crisis erupted, following the Thai government s decision to float the baht in the face of speculative attacks.

There were substantial increases in foreign direct investment and portfolio investment flows, to the highest level since the Asian financial crisis in 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.

The main lesson of the Asian financial crisis or, for that matter, of any financial crisis is that deflation is the ultimate threat to recovery. Because the 1997 crisis was confined to East Asia, China was able to escape deflation after it joined the World Trade Organization.

The Other Financial Crisis

Financial Crisis and War

A global financial crisis.

That's the financial crisis.