scholarly journals Lessons for Other Developing Countries from Recent Asian Financial Crisis

Agro Ekonomi ◽  
2017 ◽  
Vol 6 (1) ◽  
pp. 78
Author(s):  
Jangkung Handoyo Mulyo
Keyword(s):  
Developing Countries ◽  
Financial Crisis ◽  
Asian Financial Crisis ◽  
Speculative Attack

The Asian financial crisis was triggered by the speculative attack on the dpmestic currincies.

scholarly journals Has the IMF Outlived Its Usefulness or Gone Past Its ‘Use-by’ Date?

2018 ◽  
Vol 04 (S1) ◽  
pp. 30
Author(s):  
Imad A. Moosa ◽  
Keyword(s):  
Developing Countries ◽  
Financial Crisis ◽  
International Monetary Fund ◽  
Asian Financial Crisis ◽  
The International Monetary Fund ◽  
The Imf

Since the advent of the Asian financial crisis of the late 1990s, a debate has ensued on whether the International Monetary Fund (IMF) should be reformed, abolished, or left as is because it is performing a good and useful job. In this paper, it is argued that the IMF should be abolished because its work, particularly in developing countries, has been useless at best and harmful at worst. Several reasons, as well as examples of how IMF operations have been detrimental to the welfare of people living in countries that the IMF is supposed to help, are presented to support this proposition.

Another Asian Financial Crisis: Monetary Links between Hong Kong and China 1945—50

2000 ◽  
Vol 34 (3) ◽  
pp. 739-764 ◽  
Author(s):  
CATHERINE SCHENK
Keyword(s):  
Developing Countries ◽  
Hong Kong ◽  
Financial Crisis ◽  
Shock Waves ◽  
South Korea ◽  
Asian Financial Crisis ◽  
Main Symptom ◽  
The Us ◽  
The World ◽  
Monetary Relations

At the beginning of July 1997 Thailand was forced to allow the baht to fall 20% against the $US, triggering a financial crisis across Asia. This crisis toppled governments in the region and sent out a series of shock waves that threatened prosperity in the rest of the world. The main symptom of the crisis was a profound distrust in the currencies of developing countries in Asia which precipitated repeated devaluations in the ‘miracle’ economies of Indonesia, South Korea and Malaysia. One of the results of the Asian financial crisis is renewed interest in the monetary relations of the region, and in the mechanics of the transmission of currency instability between countries.

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