• The Asian Financial Crisis in 1997 - Explanation

    CUT from https://www.youtube.com/watch?v=AKXyJkfvkiQ&&

    published: 13 Nov 2015
  • Financial crisis in Thailand caused by speculative attack | Macroeconomics | Khan Academy

    How a currency crisis in Thailand led to a banking crisis in the 1990s Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/forex-trade-topic/currency-reserves/v/math-mechanics-of-thai-banking-crisis?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/macroeconomics/forex-trade-topic/currency-reserves/v/speculative-attack-on-a-currency?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Macroeconomics on Khan Academy: Topics covered in a traditional college level introductory macroeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their ow...

    published: 14 May 2012
  • What Caused 1997 Asia's Financial Crisis?

    Welcome to the Investors Trading Academy talking glossary of financial terms and events. Our word of the day is “Asian Crisis” During 1997-98, many of the East Asian tiger economies suffered a severe financial and economic crisis. This had big consequences for the global financial markets, which had become increasingly exposed to the promise that Asia had seemed to offer. The crisis destroyed wealth on a massive scale and sent absolute poverty shooting up. In the banking system alone, corporate loans equivalent to around half of one year's GDP went bad - a destruction of savings on a scale more usually associated with a full-scale war. The precise cause of the crisis remains a matter of debate. Fingers have been pointed at the currency peg adopted by some countries, and a reduction of c...

    published: 25 Nov 2015
  • Asian Financial crisis 1997 documentary

    For IB Economics By Caro Bev and Judith Nav.

    published: 28 Apr 2013
  • Asian Financial Crisis of 1997

    published: 28 Aug 2014
  • Asian Financial Crisis in the nutshell

    published: 27 Feb 2013
  • How Asia's Economic Miracle Collapsed

    Asian Values Devalued - Is Malaysia's campaign for democracy going backwards? Subscribe to Journeyman for news and science reports every weekday: http://www.youtube.com/subscription_center?add_user=journeymanpictures.html For downloads and more information visit: http://www.journeyman.tv/?lid=65112 From the skyscrapers of Hong Kong to the ransacked streets of Jakarta, the Asian Renaissance is over. From the skyscrapers of Hong Kong to the ransacked streets of Jakarta, the Asian Renaissance is over. Construction has stopped, unemployment has risen, food prices and inflation have soared. Throughout the 90's the whole region pursued unchecked economic growth and first world status. But Asia's economic miracle was built on a shaky foundation. Behind the massive expansion lurked political v...

    published: 05 Jan 2015
  • 60 Seconds: Asia Crisis 1997

    60Seconds: The 1997 Asian Financial Crisis The 1997 Asian Financial Crisis, which had its epi center in Thailand after the collapse of the Thai Baht, gripped most of East Asia and raised fears for a global economic meltdown. Stay tuned for the next episode of 60Seconds! Subscribe to ComCap Medias Youtube channel: https://www.youtube.com/channel/UCpxjp7xl8wgWvvDihcxb4Rw For the latest financial news, market updates and in-depth reports, visit our website: http://www.comcap.media Lets connect! Facebook: https://www.facebook.com/comcapmedia Twitter: https://twitter.com/ComCapMedia LinkedIn: https://www.linkedin.com/company/13218725

    published: 01 Dec 2016
  • IFC Builds Financial Capability of Low-income Households in East Asia & Pacific

    Karin Finkelston, IFC Vice President for Asia Pacific, talks about the importance of financial education for low-income households and micro, small, and medium enterprises. Finkelston gives examples of IFC's works in bridging the gap between financial institutions and people at the base of the pyramid. For more information on IFC's work in East Asia visit www.ifc.org/EastAsia

    published: 07 Dec 2011
  • East Asia 2009 - Towards New Drivers of Growth

    http://www.weforum.org/ 19.06.2009 Asian economies have suffered severe shocks from the global economic downturn, yet are better placed than most for recovery thanks to lessons learned from the Asian financial crisis, significant stimulus packages and the potential to mobilize regional consumption. Who will lead the recovery in Asia, and which sectors are demonstrating the most promising growth prospects? Dominic Barton Max Burger-Calderon, Senior Partner and Chairman, Asia, Apax Partners, Hong Kong SAR Hoang Trung Hai, Deputy Prime Minister of Vietnam Michael ByungJu Kim, Founding Partner, MBK Partners, Republic of Korea Kim Jeong, President, Bell Labs, Executive Vice-President, Alcatel-Lucent, Alcatel-Lucent Bell Laboratories, USA Chaired by Phil Smith, Editor, North Asia, Thomson Reut...

    published: 07 Jul 2009
  • The Spread of Industrialization in East Asia: Pacific Rim Economies (1989)

    The economy of East Asia is one of the most successful regional economies of the world. It is home of some of the world's largest and most prosperous economies : China, Japan, Hong Kong, Singapore, Taiwan and South Korea. Major positive factors have ranged from favorable political-legal environments for industry and commerce, through abundant natural resources of various kinds, to plentiful supplies of relatively low-cost, skilled and adaptable labor. In modern societies, a high level of structural differentiation, functional specialization, and autonomy of the economic system from government is a major contributor to industrial-commercial growth and prosperity. Currently in the Far East, trading systems are relatively open; and zero or low duties on imports of consumer and capital goods...

    published: 15 Nov 2014
  • South East Asian Currency Crisis

    The video is a journey back to 1997 South East Asian Crisis and what caused it.

    published: 04 Nov 2008
  • Dr. Ha-Joon Chang: The East Asian Economic Miracles In Historical Perspectives

    Dr Ha-Joon Chang is a Reader in the Faculty of Economics at Cambridge University. He teaches development economics at Cambridge and is known for his criticism of free-market fundamentalism and western development policy. Dr Chang was considered the 9th most influential world thinker by Prospect Magazine in 2014. He has served as a consultant to the World Bank, the Asian Development Bank, the European Investment Bank and to various United Nations agencies. He has written a great number of insightful articles and books, including his latest work- Economics: The User’s Guide (2014), the international bestseller - 23 Things They Don’t Tell You About Capitalism (2010) and most notably- Kicking Away the Ladder: Development Strategy in Historical Perspective (2002). Chang is also known for bein...

    published: 09 Feb 2017
  • The Asian Financial Crisis: Larry Summers & Alan Greenspan on Monetary Instability (1997)

    The Asian financial crisis was a period of financial crisis that gripped much of East Asia beginning in July 1997 and raised fears of a worldwide economic meltdown due to financial contagion. The crisis started in Thailand (well known in Thailand as the Tom Yum Goong crisis; Thai: วิกฤตต้มยำกุ้ง) with the financial collapse of the Thai baht after the Thai government was forced to float the baht due to lack of foreign currency to support its fixed exchange rate, cutting its peg to the U.S. dollar, after exhaustive efforts to support it in the face of a severe financial over-extension that was in part real estate driven. At the time, Thailand had acquired a burden of foreign debt that made the country effectively bankrupt even before the collapse of its currency.[1] As the crisis spread, mo...

    published: 26 Sep 2015
  • Shell Distinguished Lecture Series: The Origin of the Meltdown in East Asia

    Oct. 23, 1998 Lee Kuan Yew, Senior Minister for the Republic of Singapore, discusses the origin of the current economic crisis in Asia.

    published: 21 May 2014
  • Bank of East Asia

    VIDEO FINANCIAL REPORTING Why invest in is the first financial video platform where you can easily search through thousands of videos describing global securities. About The Video: We believe that complex financial data could become more approachable using friendly motion-graphic representation combined with an accurate selection of financial data. To guarantee the most effective information prospective we drew inspiration from Benjamin Graham’s book: “The Intelligent Investor”, a pillar of financial philosophy. For this project any kind of suggestion or critic will be helpful in order to develop and provide the best service as we can. Please visit our site www.whyinvestin.com and leave a massage to us. Thank you and hope you'll enjoy. IMPORTANT INFORMATION - DISCLAIMER THIS VIDEO IS...

    published: 01 Oct 2015
The Asian Financial Crisis in 1997 - Explanation

The Asian Financial Crisis in 1997 - Explanation

  • Order:
  • Duration: 5:27
  • Updated: 13 Nov 2015
  • views: 21413
videos
CUT from https://www.youtube.com/watch?v=AKXyJkfvkiQ&&
https://wn.com/The_Asian_Financial_Crisis_In_1997_Explanation
Financial crisis in Thailand caused by speculative attack | Macroeconomics | Khan Academy

Financial crisis in Thailand caused by speculative attack | Macroeconomics | Khan Academy

  • Order:
  • Duration: 6:33
  • Updated: 14 May 2012
  • views: 96305
videos
How a currency crisis in Thailand led to a banking crisis in the 1990s Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/forex-trade-topic/currency-reserves/v/math-mechanics-of-thai-banking-crisis?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/macroeconomics/forex-trade-topic/currency-reserves/v/speculative-attack-on-a-currency?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Macroeconomics on Khan Academy: Topics covered in a traditional college level introductory macroeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Macroeconomics channel: https://www.youtube.com/channel/UCBytY7pnP0GAHB3C8vDeXvg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
https://wn.com/Financial_Crisis_In_Thailand_Caused_By_Speculative_Attack_|_Macroeconomics_|_Khan_Academy
What Caused 1997 Asia's Financial Crisis?

What Caused 1997 Asia's Financial Crisis?

  • Order:
  • Duration: 1:27
  • Updated: 25 Nov 2015
  • views: 5368
videos
Welcome to the Investors Trading Academy talking glossary of financial terms and events. Our word of the day is “Asian Crisis” During 1997-98, many of the East Asian tiger economies suffered a severe financial and economic crisis. This had big consequences for the global financial markets, which had become increasingly exposed to the promise that Asia had seemed to offer. The crisis destroyed wealth on a massive scale and sent absolute poverty shooting up. In the banking system alone, corporate loans equivalent to around half of one year's GDP went bad - a destruction of savings on a scale more usually associated with a full-scale war. The precise cause of the crisis remains a matter of debate. Fingers have been pointed at the currency peg adopted by some countries, and a reduction of capital controls in the years before the crisis. Some blamed economic contagion. The crisis brought an end to a then widespread belief that there was a distinct "Asian way" of capitalism that might prove just as successful as capitalism in America or Europe. Instead, critics turned their fire on Asian cronyism, ill-disciplined banking and lack of transparency. In the years following the crisis, most of the countries involved have introduced reforms designed to increase transparency and improve the health of the banking system, although some such as South Korea went much further than others like Indonesia. By Barry Norman, Investors Trading Academy - ITA
https://wn.com/What_Caused_1997_Asia's_Financial_Crisis
Asian Financial crisis 1997 documentary

Asian Financial crisis 1997 documentary

  • Order:
  • Duration: 6:33
  • Updated: 28 Apr 2013
  • views: 55392
videos
For IB Economics By Caro Bev and Judith Nav.
https://wn.com/Asian_Financial_Crisis_1997_Documentary
Asian Financial Crisis of 1997

Asian Financial Crisis of 1997

  • Order:
  • Duration: 7:39
  • Updated: 28 Aug 2014
  • views: 14100
videos
https://wn.com/Asian_Financial_Crisis_Of_1997
Asian Financial Crisis in the nutshell

Asian Financial Crisis in the nutshell

  • Order:
  • Duration: 8:30
  • Updated: 27 Feb 2013
  • views: 32149
videos
https://wn.com/Asian_Financial_Crisis_In_The_Nutshell
How Asia's Economic Miracle Collapsed

How Asia's Economic Miracle Collapsed

  • Order:
  • Duration: 38:20
  • Updated: 05 Jan 2015
  • views: 17958
videos
Asian Values Devalued - Is Malaysia's campaign for democracy going backwards? Subscribe to Journeyman for news and science reports every weekday: http://www.youtube.com/subscription_center?add_user=journeymanpictures.html For downloads and more information visit: http://www.journeyman.tv/?lid=65112 From the skyscrapers of Hong Kong to the ransacked streets of Jakarta, the Asian Renaissance is over. From the skyscrapers of Hong Kong to the ransacked streets of Jakarta, the Asian Renaissance is over. Construction has stopped, unemployment has risen, food prices and inflation have soared. Throughout the 90's the whole region pursued unchecked economic growth and first world status. But Asia's economic miracle was built on a shaky foundation. Behind the massive expansion lurked political values from the Middle Ages. The World Bank President sums the boom up: 'it had over-lending, corruption, cronyism, banks lending to its shareholders. Now, there's a comeuppance.' Indonesia's financial ruin was the catalyst for its social collapse. Suharto stands accused of plundering the nation's wealth, crushing those who protested. He ignored the extent of his country's economic crisis, and continued to reward his children and swarms of sycophants with unjust riches. But recent weeks saw Indonesians send their ruler a powerful message: the old values don't count. Almost like lightening, the world's second longest dictator stood down. Is Prime Minister Mahatir of neighbouring Malaysia making the same mistakes as Suharto? The economic crisis has ruffled Mahatir's feathers too. In power for 16 years, he is also known for corruption, cronyism and nepotism. Before the crash Suharto's family wealth was put at US$6 billion. Mahatir's three sons are directors of at least 200 companies. Both leaders made no secret of their 'crony capitalism': the best deals went to the government's best friends. Mahatir calls that 'the duty of government'. Both countries have put development above all other concerns. Indonesia's frenetic logging of the Borneo rainforest caused the terrible forest fires that raged there. Mahatir was furious when forced to abandon his scheme to flood ancient Sarawak rainforest by building the Bakun damn. The crisis in Indonesia made ethnic Chinese the target of resentful attacks. In Malaysia, the nervous Chinese have been scapegoats before. Malaysia's Deputy Prime Minister Anwar Ibrahim is tipped for the top. In the spirit of the changing Asian values he concedes 'We've got to be more democratic. The younger generation would like to see greater transparency, and tolerance'. Indonesia's new President Habibie is now releasing political prisoners and promising an end to corruption. But as a child of the old system, it remains to be seen whether he is really the right man for the job. The excesses of the ruling Indonesian elite devalued as fast as the rupiah. Other countries in the region are still suffering the same economic turmoil, but have not yet seen such momentous political change. 'My pay's been cut, my tears now fill my car... I took years to buy it and it's being repossessed!' croons a Thai pop-star. Across the region the poor are getting poorer. The Tiger economies were forged with the sweat of cheap labour. As work dries up and food runs out, will the people's anger erupt elsewhere? In these most turbulent times, we ask whether Indonesia's powerful winds of change are set to blow across the whole of Asia. ABC Australia: Ref 424 Journeyman Pictures is your independent source for the world's most powerful films, exploring the burning issues of today. We represent stories from the world's top producers, with brand new content coming in all the time. On our channel you'll find outstanding and controversial journalism covering any global subject you can imagine wanting to know about.
https://wn.com/How_Asia's_Economic_Miracle_Collapsed
60 Seconds: Asia Crisis 1997

60 Seconds: Asia Crisis 1997

  • Order:
  • Duration: 1:01
  • Updated: 01 Dec 2016
  • views: 1445
videos
60Seconds: The 1997 Asian Financial Crisis The 1997 Asian Financial Crisis, which had its epi center in Thailand after the collapse of the Thai Baht, gripped most of East Asia and raised fears for a global economic meltdown. Stay tuned for the next episode of 60Seconds! Subscribe to ComCap Medias Youtube channel: https://www.youtube.com/channel/UCpxjp7xl8wgWvvDihcxb4Rw For the latest financial news, market updates and in-depth reports, visit our website: http://www.comcap.media Lets connect! Facebook: https://www.facebook.com/comcapmedia Twitter: https://twitter.com/ComCapMedia LinkedIn: https://www.linkedin.com/company/13218725
https://wn.com/60_Seconds_Asia_Crisis_1997
IFC Builds Financial Capability of Low-income Households in East Asia & Pacific

IFC Builds Financial Capability of Low-income Households in East Asia & Pacific

  • Order:
  • Duration: 4:16
  • Updated: 07 Dec 2011
  • views: 271
videos
Karin Finkelston, IFC Vice President for Asia Pacific, talks about the importance of financial education for low-income households and micro, small, and medium enterprises. Finkelston gives examples of IFC's works in bridging the gap between financial institutions and people at the base of the pyramid. For more information on IFC's work in East Asia visit www.ifc.org/EastAsia
https://wn.com/Ifc_Builds_Financial_Capability_Of_Low_Income_Households_In_East_Asia_Pacific
East Asia 2009 - Towards New Drivers of Growth

East Asia 2009 - Towards New Drivers of Growth

  • Order:
  • Duration: 1:15:18
  • Updated: 07 Jul 2009
  • views: 3346
videos
http://www.weforum.org/ 19.06.2009 Asian economies have suffered severe shocks from the global economic downturn, yet are better placed than most for recovery thanks to lessons learned from the Asian financial crisis, significant stimulus packages and the potential to mobilize regional consumption. Who will lead the recovery in Asia, and which sectors are demonstrating the most promising growth prospects? Dominic Barton Max Burger-Calderon, Senior Partner and Chairman, Asia, Apax Partners, Hong Kong SAR Hoang Trung Hai, Deputy Prime Minister of Vietnam Michael ByungJu Kim, Founding Partner, MBK Partners, Republic of Korea Kim Jeong, President, Bell Labs, Executive Vice-President, Alcatel-Lucent, Alcatel-Lucent Bell Laboratories, USA Chaired by Phil Smith, Editor, North Asia, Thomson Reuters, People's Republic of China
https://wn.com/East_Asia_2009_Towards_New_Drivers_Of_Growth
The Spread of Industrialization in East Asia: Pacific Rim Economies (1989)

The Spread of Industrialization in East Asia: Pacific Rim Economies (1989)

  • Order:
  • Duration: 1:23:30
  • Updated: 15 Nov 2014
  • views: 1974
videos
The economy of East Asia is one of the most successful regional economies of the world. It is home of some of the world's largest and most prosperous economies : China, Japan, Hong Kong, Singapore, Taiwan and South Korea. Major positive factors have ranged from favorable political-legal environments for industry and commerce, through abundant natural resources of various kinds, to plentiful supplies of relatively low-cost, skilled and adaptable labor. In modern societies, a high level of structural differentiation, functional specialization, and autonomy of the economic system from government is a major contributor to industrial-commercial growth and prosperity. Currently in the Far East, trading systems are relatively open; and zero or low duties on imports of consumer and capital goods etc. have considerably helped stimulate cost-efficiency and change. Free and flexible labor and other markets are other important factors making for high levels of business-economic performance. East Asian populations have demonstrated rapid learning capabilities – skills in utilizing new technologies and scientific discoveries – and putting them to good use in production. Work ethics in general tend to be highly positive. Finally, there are relatively large and fast-growing markets for consumer goods and services of all kinds. East Asia became an area of economic power starting with the Meiji Restoration in the late 19th century when Japan rapidly transformed itself into the only industrial power outside Europe and the United States. Japan's early industrial economy reached its height in World War II when it expanded its empire and became a major world power. After its defeat and economic collapse after the war, Japan's economy recovered in the 1950s with the post-war economic miracle in which rapid growth in the Japanese economy propelled the country into the world's second largest economy by the 1980s. In the early 1960s, the British colony of Hong Kong became the first of the four Asian Tiger economies by developing strong textile and manufacturing industries and by the 1970s, had solidified itself as a global financial center and was quickly turning into a developed economy.[2] Following in the footsteps of Hong Kong, the nations of South Korea, Taiwan, and Singapore soon quickly industrialized thanks to government policies. By 1997, the four Asian Tiger economies joined Japan as East Asia's developed economies. Additionally, the economy of Macau, then a Portuguese colony, was also experiencing rapid growth during this period through textile manufacturing and the development of a gambling industry, which resulted in high levels of foreign investment into the territory.[3] Macau replaced Las Vegas as the world's largest gambling center in 2007.[4] Present growth in East Asia has now shifted to China and the Tiger Cub Economies of the Southeast Asian countries of Thailand, Indonesia, Malaysia, and the Philippines. As of early 2013, Japan, Hong Kong, and Singapore are the only East Asian nations that are considered developed markets by all economic indexes. Since the end of the 20th century, Japan's role as the principal economic power in the region has shifted to the Four Asian Tiger economies and more recently, China, which became world's second largest economy in 2010.[5] Furthermore, a 2012 report by The Economist noted that South Korea is expected to overtake Japan in terms of GDP per person at power purchasing parity by 2017, a feat already accomplished by Macau (2010), Taiwan (2010), Hong Kong (1997), and Singapore (1993). Among the major policy choices commonly adopted in East Asia, and noticeably less so elsewhere in the developing world are openness to foreign trade, significant levels of government savings and an emphasis on education for both boys and girls. While these attributes were far from universally applied, they are conspicuously present in the region to a much larger degree than is the case elsewhere. In 2005, East Asia had more than one-third of the world’s population, an estimated 2,075 Billion people. Growth during the decade is expected to 0.79% per annum, pushing the total to 2,154 million by 2010. South-east Asia is expected to grow more than twice as fast (1.32% p.a.) as North-east Asia (0.60% p.a.). 65.5% of the population is working age (15-59), slightly higher than the global average 61.4%. The North-east / South-east divide holds for other demographic indicators, too. The average age in the North-east was 33.1 years in 2005, and 26 years in South-east Asia. Life expectancy (74.1 years vs. 70) is not as distinctly different, although infant mortality rates differ by nearly a third: 21.8 per 1,000 in North-east Asia vs. 28.3 in South-east Asia. http://en.wikipedia.org/wiki/Economy_of_East_Asia Image By Bernard Gagnon (Own work) [GFDL (http://www.gnu.org/copyleft/fdl.html) or CC-BY-SA-3.0-2.5-2.0-1.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons
https://wn.com/The_Spread_Of_Industrialization_In_East_Asia_Pacific_Rim_Economies_(1989)
South East Asian Currency Crisis

South East Asian Currency Crisis

  • Order:
  • Duration: 2:24
  • Updated: 04 Nov 2008
  • views: 25363
videos
The video is a journey back to 1997 South East Asian Crisis and what caused it.
https://wn.com/South_East_Asian_Currency_Crisis
Dr. Ha-Joon Chang: The East Asian Economic Miracles In Historical Perspectives

Dr. Ha-Joon Chang: The East Asian Economic Miracles In Historical Perspectives

  • Order:
  • Duration: 1:29:47
  • Updated: 09 Feb 2017
  • views: 1559
videos
Dr Ha-Joon Chang is a Reader in the Faculty of Economics at Cambridge University. He teaches development economics at Cambridge and is known for his criticism of free-market fundamentalism and western development policy. Dr Chang was considered the 9th most influential world thinker by Prospect Magazine in 2014. He has served as a consultant to the World Bank, the Asian Development Bank, the European Investment Bank and to various United Nations agencies. He has written a great number of insightful articles and books, including his latest work- Economics: The User’s Guide (2014), the international bestseller - 23 Things They Don’t Tell You About Capitalism (2010) and most notably- Kicking Away the Ladder: Development Strategy in Historical Perspective (2002). Chang is also known for being an important academic influence on the economist Rafael Correa, currently President of Ecuador. 9-Nov-2016 Cambridge China Development Forum (CCDF): https://www.facebook.com/cambridgecucds/
https://wn.com/Dr._Ha_Joon_Chang_The_East_Asian_Economic_Miracles_In_Historical_Perspectives
The Asian Financial Crisis: Larry Summers & Alan Greenspan on Monetary Instability (1997)

The Asian Financial Crisis: Larry Summers & Alan Greenspan on Monetary Instability (1997)

  • Order:
  • Duration: 3:24:23
  • Updated: 26 Sep 2015
  • views: 957
videos
The Asian financial crisis was a period of financial crisis that gripped much of East Asia beginning in July 1997 and raised fears of a worldwide economic meltdown due to financial contagion. The crisis started in Thailand (well known in Thailand as the Tom Yum Goong crisis; Thai: วิกฤตต้มยำกุ้ง) with the financial collapse of the Thai baht after the Thai government was forced to float the baht due to lack of foreign currency to support its fixed exchange rate, cutting its peg to the U.S. dollar, after exhaustive efforts to support it in the face of a severe financial over-extension that was in part real estate driven. At the time, Thailand had acquired a burden of foreign debt that made the country effectively bankrupt even before the collapse of its currency.[1] As the crisis spread, most of Southeast Asia and Japan saw slumping currencies,[2] devalued stock markets and other asset prices, and a precipitous rise in private debt.[3] Indonesia, South Korea and Thailand were the countries most affected by the crisis. Hong Kong, Laos, Malaysia and the Philippines were also hurt by the slump. Brunei, China, Singapore, Taiwan and Vietnam were less affected, although all suffered from a loss of demand and confidence throughout the region. Foreign debt-to-GDP ratios rose from 100% to 167% in the four large Association of Southeast Asian Nations (ASEAN) economies in 1993–96, then shot up beyond 180% during the worst of the crisis. In South Korea, the ratios rose from 13 to 21% and then as high as 40%, while the other northern newly industrialized countries fared much better. Only in Thailand and South Korea did debt service-to-exports ratios rise.[4] Although most of the governments of Asia had seemingly sound fiscal policies, the International Monetary Fund (IMF) stepped in to initiate a $40 billion program to stabilize the currencies of South Korea, Thailand, and Indonesia, economies particularly hard hit by the crisis. The efforts to stem a global economic crisis did little to stabilize the domestic situation in Indonesia, however. After 30 years in power, President Suharto was forced to step down on 21 May 1998 in the wake of widespread rioting that followed sharp price increases caused by a drastic devaluation of the rupiah. The effects of the crisis lingered through 1998. In 1998 the Philippines growth dropped to virtually zero. Only Singapore and Taiwan proved relatively insulated from the shock, but both suffered serious hits in passing, the former more so due to its size and geographical location between Malaysia and Indonesia. By 1999, however, analysts saw signs that the economies of Asia were beginning to recover.[5] After the 1997 Asian Financial Crisis, economies in the region are working toward financial stability on financial supervision.[6] Until 1999, Asia attracted almost half of the total capital inflow into developing countries. The economies of Southeast Asia in particular maintained high interest rates attractive to foreign investors looking for a high rate of return. As a result, the region's economies received a large inflow of money and experienced a dramatic run-up in asset prices. At the same time, the regional economies of Thailand, Malaysia, Indonesia, Singapore, and South Korea experienced high growth rates, 8–12% GDP, in the late 1980s and early 1993. This achievement was widely acclaimed by financial institutions including IMF and World Bank, and was known as part of the "Asian economic miracle." https://en.wikipedia.org/wiki/1997_Asian_financial_crisis
https://wn.com/The_Asian_Financial_Crisis_Larry_Summers_Alan_Greenspan_On_Monetary_Instability_(1997)
Shell Distinguished Lecture Series: The Origin of the Meltdown in East Asia

Shell Distinguished Lecture Series: The Origin of the Meltdown in East Asia

  • Order:
  • Duration: 57:04
  • Updated: 21 May 2014
  • views: 61611
videos
Oct. 23, 1998 Lee Kuan Yew, Senior Minister for the Republic of Singapore, discusses the origin of the current economic crisis in Asia.
https://wn.com/Shell_Distinguished_Lecture_Series_The_Origin_Of_The_Meltdown_In_East_Asia
Bank of East Asia

Bank of East Asia

  • Order:
  • Duration: 2:01
  • Updated: 01 Oct 2015
  • views: 136
videos
VIDEO FINANCIAL REPORTING Why invest in is the first financial video platform where you can easily search through thousands of videos describing global securities. About The Video: We believe that complex financial data could become more approachable using friendly motion-graphic representation combined with an accurate selection of financial data. To guarantee the most effective information prospective we drew inspiration from Benjamin Graham’s book: “The Intelligent Investor”, a pillar of financial philosophy. For this project any kind of suggestion or critic will be helpful in order to develop and provide the best service as we can. Please visit our site www.whyinvestin.com and leave a massage to us. Thank you and hope you'll enjoy. IMPORTANT INFORMATION - DISCLAIMER THIS VIDEO IS FOR INFORMATION PURPOSES ONLY AND SHOULD NOT BE RELIED UPON AS INVESTMENT ADVICE. This video has been prepared by Whyinvestin (together with its affiliates, “Whyinvestin”) and is not intended to be taken by, and should not be taken by, any individual recipient as investment advice, a recommendation to buy, hold or sell any security, or an offer to sell or a solicitation of offers to purchase any security. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. The performance of the companies discussed on this video is not necessarily indicative of the future performances. Investors should consider the content of this video in conjunction with investment reports, financial statements and other disclosures regarding the valuations and performance of the specific companies discussed herein. DO NOT RELY ON ANY OPINIONS, PREDICTIONS OR FORWARD-LOOKING STATEMENTS CONTAINED HEREIN. Certain of the information contained in this video constitutes “forward-looking statements” that are inherently unreliable and actual events or results may differ materially from those reflected or contemplated herein. None of Whyinvestin or any of its representatives makes any assurance as to the accuracy of those predictions or forward-looking statements. Whyinvestin expressly disclaims any obligation or undertaking to update or revise any such forward-looking statements. EXTERNAL SOURCES. Certain information contained herein has been obtained from third-party sources. Although Whyinvestin believes such sources to be reliable, we make no representation as to its accuracy or completeness. FINANCIAL DATA. Historical companies’ data, ratios, exchange rate, prices and estimates are provided by Factset research www.factset.com . Whyinvestin does not verify any data and disclaims any obligation to do so. Whyinvestin, its data or content providers, the financial exchanges and each of their affiliates and business partners (A) expressly disclaim the accuracy, adequacy, or completeness of any data and (B) shall not be liable for any errors, omissions or other defects in, delays or interruptions in such data, or for any actions taken in reliance thereon. Neither Whyinvestin nor any of our information providers will be liable for any damages relating to your use of the information provided herein. Please consult your broker or financial representative to verify pricing before executing any trade. Whyinvestin cannot guarantee the accuracy of the exchange rates used in the videos. You should confirm current rates before making any transactions that could be affected by changes in the exchange rates. You agree not to copy, modify, reformat, download, store, reproduce, reprocess, transmit or redistribute any data or information found herein or use any such data or information in a commercial enterprise without obtaining prior written consent. Please consult your broker or financial representative to verify pricing before executing any trade. COPYRIGHTFAIR USE” Whyinvestin doesn’t own any logo different from the whyinvestin’ s logo contained in the video. The owner of the logos is the subject of the video itself (the company); and all the logos are not authorized by, sponsored by, or associated with the trademark owner . Whyinvestin uses exclusive rights held by the copyright owner for Educational purposes and for commentary and criticism as part of a news report or published article. If you are a company, subject of the video and for any reason want to get in contact with Whyinvestin please email: company@whyinvestin.com
https://wn.com/Bank_Of_East_Asia
×