Asian Financial Crisis Act II?

By Lim Kim-Hwa

September 2013 UTTER ECONOMICS
main image
Advertisement
There are some eerie parallels between the mid-1990s and today in the macroeconomic sphere in Asia. However, a crisis similar to the one in 1997 is not probable.In the mid-1990s, the Renminbi and Yen devalued while rising US interest rates led to a strong US dollar. These, together with the withdrawal of capital from Asia, the erosion of export competitiveness (since Asian currencies were pegged to the US dollar) and “crony capitalism” aided by foreign currency borrowings, culminated in the...

Subscribe to our e-archive to read our older articles.

Subscribe Now
PM
Lim Kim-Hwa

is Chief Executive Officer of Penang Institute

Previous Article Back to Issue Next Article
Advertisement

Trending Now

Anecdotal Accounts of Chinese Women Migrants to Southeast Asia

The Japanese Conquest of Penang: Part One

A Red-light District Worthy of a Vibrant Port

The British-Siamese Boundary Stone: A Momentous Relic in Seberang Perai

A Brief History of 123 Macalister

Subscribe today to access over 2,000 articles in our e-Archive for RM150 a year, and get the 2nd year free.
Support Us

As Penang Monthly continues to evolve, we aim to deliver better quality reads. At present, our three current issues are free for public access. But we need your financial support as we endeavour to be the voice of Penang and an inspiring read for the curious Malaysian.

Every RM100 contribution from individuals (or RM1,000 for corporations) will be entitled to tax exemption receipt.
`