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  • Asian Crisis & Russian

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    Suresh Sh
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    The document summarizes the East Asian Financial Crisis of the late 1990s that affected countries like Thailand, Indonesia, South Korea, and the Russian Ruble Crisis of 1998. It provides details on the economic situation and factors in each country that led to the crisis as well as the interventions by the IMF and how countries eventually recovered.

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    The document summarizes the East Asian Financial Crisis of the late 1990s that affected countries like Thailand, Indonesia, South Korea, and the Russian Ruble Crisis of 1998. It provides details on the economic situation and factors in each country that led to the crisis as well as the interventions by the IMF and how countries eventually recovered.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as ppt, pdf, or txt
    22 views11 pages

    Asian Crisis & Russian

    Uploaded by

    Suresh Sh
    The document summarizes the East Asian Financial Crisis of the late 1990s that affected countries like Thailand, Indonesia, South Korea, and the Russian Ruble Crisis of 1998. It provides details on the economic situation and factors in each country that led to the crisis as well as the interventions by the IMF and how countries eventually recovered.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as ppt, pdf, or txt
    of 11

    East Asian Financial Crisis & Russian Ruble Crisis

    Affected Countries
    Thailand Indonesia South Korea Philippines Malaysia Singapore China

    THAILAND
    Growth Scenario (1985-1996) Speculators Attack & Government Intervention

    Down Fall of Economy.


    IMF Intervention Recovered.

    INDONESIA
    Good Economical Situation.

    High Borrowings & Strong Rupiah


    Managed to Free float Effect Fall of Stock Exchange Strong Rupiah to Weak Rupiah

    South Korea
    Conglomerate mergers NPAS Effect. Degraded credit rating. Won to Lost to 1,700

    IMF bailout Package.

    Increase in Interest rates. PESO Dropped from 26 to 54. Scandals & Stock market Effects

    CHINA
    FDI Impact

    Preferred Assets than Securities


    Pegged at 8.3 Renminbi (RMB)

    MALAYSIA
    High current account Deficit
    Raising Stock exchange Speculators Attack Rating Downfall Currency Domestic use ONLY Free float to fixed Debt Restructured by BNM

    SINGAPORE

    Recession Fall of dollar by 20%

    Consequences

    Russian crisis 1998


    Decline Productivity Fixed exchange rate Fiscal deficit Political instability

    Recovery
    Increase in Oil Prices
    Barter system Increase in Entrepreneurs Infusion of cash

    Affected Countries
    Baltic states Belarus Kazakhstan

    Moldova
    Ukraine

    United States
    Uzbekistan

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