SOUTH-EAST ASIAN CRISIS

priyankappd

priyankappd

Priyanka Dhanvekar
The East Asian economic crisis is the most important economic event in the region of the past few decades. That much is agreed. Beyond this, there is yet no unanimity about its root causes nor about the solutions. The differences of views are being debated in academic and policy circles and reflected in the media. One thing though is certain: the earlier optimistic expectation that it would last only some months has proved wrong. Instead the financial crisis has been transformed into a full-blown recession or depression.

For any financial student it is useful to know about the south East Asian economic financial crisis. I've searched about it and hence posting some data about the same. do go through it
 

Attachments

Financial Contagion in the East Asian Crisis
- With Special Reference to the Republic of Korea.................


read on............. :SugarwareZ-124:
 

Attachments

POST-CRISIS EXCHANGE RATE REGIMES
IN SOUTHEAST ASIA:
AN EMPIRICAL SURVEY OF DE-FACTO POLICIES


Introduction
In recent years there has been a growing trend of countries abandoning their softpeg
exchange rate regimes and opting for one of the “corner-solutions”. Soft-pegs
are no more considered to be viable, particularly since the Asian crisis of 1997/98.
The de facto pegging regimes of Southeast Asia shifted to flexible exchange rate
regimes in the wake of the crisis and under IMF pressure. However, there have
been reports of these countries reverting to their pre-crisis practices of maintaining
soft-pegs to US dollar, while retaining the official tag of “free-floating regimes”.



Read on.................

:SugarwareZ-296:
 

Attachments

US-SOUTHEAST ASIA RELATIONS AFTER THE CRISIS:
THE SECURITY DIMENSION

The economic crisis that swept Southeast Asia from July 1997 onwards constitutes the
most important defining event of post-Cold War regional politics. The impact of the economic
crisis on internal politics of several members of the Association of Southeast Asian Nations
(ASEAN), and the subsequent regional repercussions, have indeed reshaped regional security
environment in Southeast Asia. While the end of the Cold War reinforced the significance of
non-traditional sources of threats to the region, the crisis sent a strong message to ASEAN
countries that domestic sources of regional instability can no longer be conveniently ignored.
At the same time, traditional security issues --such as territorial disputes, bilateral tensions, and
the role and intention of major powers-- remain major causes for regional concern. In other
words, Southeast Asian countries are now forced to deal with enormous security challenges at
all fronts: traditional and non-traditional in nature as well as domestic and external in origins



Read on..................
:SugarwareZ-265:
 

Attachments

SOUTH-EAST ASIA’S ECONOMIC CRISIS AND AFRICA:
A VIEW FROM THE AFRICAN REGION



The economic crisis of the South - East Asian ( SEA ) countries engendered by the currency
and financial instability a year ago has had important repercussions on the world economy. According
to the IMF (IMF 1998)1 global economic growth is expected to decelerate by one percentage point
from the 4.1% of 1997 to 3.1 % in 1998 mainly due to the negative impact emanating from SEA
where GDP is projected to shrink by 2.7 %.
2. The economic consequences of the SEA’s instability transmitted itself to the rest of the world
in different ways depending on the nature and intensity of the link different countries and regions had
with these countries. Africa’s major link with the SEA region is in the main mediated through the
global commodity market where the two meet either as trading partners or as competitors. Thus, it is
not surprising to note that, the consequences of the SEA crisis has been transmitted to Africa through
their impact on world prices, especially those of primary commodity.

Read on....................

:SugarwareZ-191:
 

Attachments

This study will probe at the causes and likely effects of the ongoing Southeast Asian crisis that began in the second quarter of 1997. Though the situation is still unfolding—and surely will continue to for many years to come—it can confidently be said that this is the worst economic crisis the world has experienced since the Great Depression of the 1930s. Until very recently, most analysts had confined the crisis to Indonesia, South Korea, Malaysia, and Thailand. Some obdurate analysts even continue to suggest that the Asian ‘miracle’ is still far from over! These, and many other predictions that the crisis would result in only a short, sharp downturn with..........................


:SugarwareZ-270:
 

Attachments

Southeast Asia is increasingly casting its lot with its bigger East Asian neighbors, judging by their issuance of an unprecedented statement on ''East Asian cooperation'' at a summit that ended here on Sunday.

The informal summit between heads of government of the 10-nation Association of Southeast Asian Nations (Asean) and Japan, China and South Korea is the third in the past three years. But it is only now that they have come out with a joint statement on cooperation that could herald the formation of a larger Asian bloc in the next century.

In the political-security area, the governments agreed ''to continue dialogue, coordination, and cooperation to increase mutual .................

:SugarwareZ-026:
 

Attachments

Southeast Asia encompasses ten nations, from Burma on the mainland in the west, to the 17,500-island nation of Indonesia to the southeast. Need more be said to stress the area’s significance in the formulation of American foreign policy? Amb. Palmer, a veteran observer of Asian affairs, after taking a retrospective look at the region, assesses the recent impact of globalization............


:SugarwareZ-286:
 

Attachments

Origins of the Crisis
The crisis unfolded against the backdrop of several decades of outstanding economic performance in Asia, and the difficulties that the East Asian countries face are not primarily the result of macroeconomic imbalances. Rather, they stemmed from weaknesses in financial systems and, to a lesser extent, governance. A combination of inadequate financial sector supervision, poor assessment and management of financial risk......................

:SugarwareZ-092:
 

Attachments

It seems safe to say that nobody anticipated anything like the current crisis in Asia. True, there were some Asia skeptics - including myself - who regarded the claims of an Asian economic miracle as overstated, and argued that Asia was bound to run into diminishing returns eventually. And some people - again including myself - raised warning flags a year or two before the Thai crisis, noting that the current account deficits of Southeast Asian countries were as high as or higher than those of Latin America in 1994, and arguing that Asian economies had no special immunity to financial crises. But even pessimists expected something..........................


:SugarwareZ-107:
 

Attachments

Recently, a financial turmoil, or financial crisis, is taking place in Southeast Asian countries. All the countries lay the blames on George Soros, an American speculator, for this crisis. However, I hold a different opinion. A Chinese saying goes: "It takes more than one cold day for the river to freeze three feet deep." How is it possible for a speculator to ruin several Asian countries in a few days? There must be reasons behind.................:spy:



:SugarwareZ-106:
 

Attachments

priyankappd said:
The East Asian economic crisis is the most important media. One thing though is certain: the earlier optimistic expectation that it would last only some months has proved wrong. Instead the financial crisis has been transformed into a full-blown recession or depression.


nice one...
For any financial student it is useful to know about the south East Asian economic financial crisis. I've searched about it and hence posting some data about the same. do go through it
Click to expand...

For any financial student it is useful to know about the south East Asian economic financial crisis. I've searched about it and hence posting some data about the same. do go through it[/QUOTE]
 
You must log in or register to reply here.
Back
Top