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Asian financial crisis  

Definition

  • The 1997 and 1998 Asian financial crisis began in Thailand and then quickly spread to neighboring economies. The crisis began as a currency crisis when Bangkok unpegged the Thai baht from the U.S. dollar, setting off a series of currency devaluations and massive flights of capital. [Source: Encyclopedia of Governance; Asian Financial Crisis]

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https://concepts.sagepub.com/social-science/concept/Asian_financial_crisis

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