Learn › Economic history › The Asian Financial Crisis — 1997 to 2000
Economic history · The world economy
1997 to 2000. Thailand let its currency go, and within months panic had spread to Indonesia, Malaysia, the Philippines and South Korea. What they had borrowed, how the crisis spread, the IMF-led rescues, what it cost, and why the causes and the cure are still argued over.
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1 The Asian Financial Crisis of 1997 A currency let go in Bangkok, and within months a crisis across East and South-East Asia. 7 steps · 10 min Done 2 The Borrowing Boom and the Baht Float Years of fast growth and cheap foreign money, then a central bank that ran out of dollars. 6 steps · 9 min DoneCountry data from the World Bank (CC BY 4.0) and the UNDP Human Development Report (CC BY 3.0 IGO)
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