1. asian crisis
Asian Crisis The financial crisis that erupted in Asia in mid-1997 has led to sharp declines in the currencies, stock markets, and other asset prices of a number of Asian countries. ... The Asian crisis of recent falls into this category of inefficient balance of payments facilitated by depreciation of its currency. By competitively depreciating its currencies, Asia is exporting its deflation, its overcapacity and its lack of growth to the West, particularly to the US. ... A decade ago, a collapse in the currency of a small, distant country like Thailand ...
- Word Count: 945
- Approx Pages: 4
- Grade Level: High School