The Asian financial crisis, also called the "Asian Contagion," was a sequence of currency devaluations and other events that began in the.
The Asian financial crisis was ultimately solved by the International Monetary Fund (IMF), which provided the loans necessary to stabilize the troubled Asian.
The paper explores the view that the Asian currency and financial crises in and reflected structural and policy distortions in the countries of the region.
The –98 Asian financial crisis began in Thailand and then quickly spread to neighbouring economies. It began as a currency crisis when Bangkok.