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Quah 21 July Asian crisis 1997 thailand information: Economy of Singapore. On 14 Augustthe managed floating exchange regime was replaced by a free-floating exchange rate arrangement. Market conditions stabilized, currencies recovered, asian crisis 1997 thailand interest rates were lowered to below pre-crisis levels; a cycle of inflation and depreciation was thus avoided. Statistics such as ratio of foreign liabilities to foreign assets, non-performing loans, contribution of inward FDI to current account financing, had been evidences of the recklessness. The Japanese yen responded counterintuitively by increasing in value, making Japanese products more expensive and further weakening its economy. In the last of the crisis measures were removed as taken off the fixed exchange system.
From: Gulabar(68 videos) Added: 31.08.2020 Views: 475 Duration: 09:40
Category: Asian

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