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11 October, 18:15

What were the origins of the Asian currency crisis?

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  1. 11 October, 19:39
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    East and South east Asia

    Explanation:

    The crisis that later blew up to become a financial crisis over the year started from the east and south east Asia countries of Thailand, Indonesia and South korea in 1997 before spreading to other counties leading to a fall in value of the currencies, and fall in stock market and assets prices as the exchange rate continued to nosedive.

    It was sparked up by the inappropriate borrowing by the private sector in the previous years
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