Economic Affairs, International.
In late 1997 banks and other financial institutions in Southeast and East Asia fell like dominoes--one after another--as currencies and share prices collapsed in many of the much-admired "tiger" economies across the region. Beginning in July with the crash of Thailand's baht, the crisis spread to the Indonesian rupiah, Malaysian ringgit, and Philippine peso, all of which
posted by PresentStem @ 12:17 AM
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