Previous Chapter Chapter 6: Ten Years After: Implications of the Current Financial Market Turmoil* Next Chapter

Atchana Waiquamdee

In: Capital Market Reform in Asia: Towards Developed and Integrated Markets in Times of Change

Chapter 6: Ten Years After: Implications of the Current Financial Market Turmoil*

  • Citations
  • Add to My List
  • Text Size

Ten Years After: Implications of the Current Financial Market Turmoil*
Ten years after: Implications of the current financial market turmoil
AtchanaWaiquamdee
Introduction

The Asian crisis sparked off on July 2, 1997 when the Bank of Thailand floated the Thai baht, under the pressure of substantial and highly volatile capital flows. Few people would have predicted that almost exactly 10 years later, the whole world was engulfed in another financial crisis, except that this time it was triggered by the collapse of Lehman Brothers in September 2008 for excessive leverage in the form of derivatives.

The focus of this chapter is to briefly examine the actions taken by emerging Asia after the Asian crisis of 1997–98 in developing their capital markets and to assess whether Asian economies would be able ...

Looks like you do not have access to this content.

Login

Don’t know how to login?

Click here for free trial login.

Back to Top

Copy and paste the following HTML into your website