The 1997 Asian Crisis

The 1997 Asian Crisis

Sharmila Whelan

20 years: Asian economics & policy

Asian economics specialist Sharmila Whelan provides an overview of what is generally considered the worst crisis ever to hit emerging markets. A series of currency devaluations lead to negative economic effects that were felt across the world.

Asian economics specialist Sharmila Whelan provides an overview of what is generally considered the worst crisis ever to hit emerging markets. A series of currency devaluations lead to negative economic effects that were felt across the world.

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The 1997 Asian Crisis

20 mins 8 secs

Overview

The Asian Crisis of 1997 rocked the developing countries of East and Southeast Asia. Markets, currencies and corporates crashed severely following the interest rate increases in the US and the appreciation of the USD.

Key learning objectives:

  • Learn about the history of the Asian Crisis

  • Understand the changes made in the aftermath

  • Identify the effects of the crisis on the economies of Asia

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Summary
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Expert
Sharmila Whelan

Sharmila Whelan

Sharmila is Deputy Chief Economist of Asionomics Group. A top ranked Asain economist with over 20 years experience analysing Asian economies and policy makers.

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