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Published by: Sexyanna Category: Asian

The countries hit hard by Asia's commercial enterprise crisis—Indonesia, Korea, Malaysia, and Thailand—had been wide admired for their economical achievements and much favored by foreign investors. What happened, and is thither a prescription for reducing the risk of future crises? For the terzetto decades before Asia's financial crisis, Indonesia, Korea, Malaysia, and asian nation had an impressive record of scheme performance—fast growth, low inflation, macroeconomic firmness and strong fiscal positions, high saving rates, open economies, and thriving export sectors.




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The International Monetary Fund | Council on Foreign Relations


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Since its inception in gregorian calendar month 1944, the external Monetary Fund (IMF) has undergone considerable change as boss tender of the world’s monetary system. The IMF is officially charged with managing the round regime of exchange rates and international payments that allows nations to do business sector with one another. The Fund recast itself in a broader, more active role following the 1973 collapse of fixed exchange rates, and has since received some criticism and credit for its efforts to promote financial stability, prevent crises, facilitate trade, and reduce poverty.

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Finance & Development, June 1999 - The Asian Crisis: Causes and Remedies

Aghevli Until their sudden fall from grace in 1997, the countries hit hard by Asia's financial crisis—Indonesia, Korea, Malaysia, and Thailand—had been widely admired for their economic achievements and much favored by foreign investors. What happened, and is there a prescription for reducing the put on the line of future crises? For the three decades before Asia's fiscal crisis, Indonesia, Korea, Malaysia, and Thailand had an impressive record of economic performance—fast growth, low inflation, macroeconomic changelessness and strong fiscal positions, high saving rates, wide-open economies, and thriving export sectors.
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