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ArtikelFinancial Cooperation and Integration In East Asia: Current State of The ASEAN+3 Process Beyond CMI And Its Challenges  
Oleh: Soekro, Shinta R. I. ; Binhadi, Sari H. ; Kosotali, Aswin
Jenis: Article from Bulletin/Magazine
Dalam koleksi: Perkembangan Ekonomi Keuangan dan Kerjasama International no. 3 (2003), page 105-116.
Topik: Financial Cooperation; East Asia; ASEAN; Financial Crisis
Ketersediaan
  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: PP28.5
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
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Isi artikelThe financial crisis that first hit Thailand in mid 1997 and then spread to other countries in the region have given a valuable lesson not only for the crisis-hit countries, but also for other countries. The factors that triggered the crises as well as the severe impact on the crisis-hit countries had distinguished the crisis notably from the previous ones and made it difficult to tackle when they first started. The severe economic and financial difficulties experienced by Thailand, Malaysia, South Korea, Indonesia, Russia, and Brazil in the financial crisis of 1997-98 are not triggered by merely a single cause. What we saw, in various combinations, were large and growing current account deficits, excessive reliance on short-term borrowings, over valued fixed exchange rates, weak domestic financial systems, and macroeconomic imbalances.
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