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Essay / Research Paper Abstract
This 3 page paper briefly outlines the causes of the Asian economic crisis of the mid 1990’s. The includes consideration of the currency exchange rates, current account deficits, trader pressures, increased competition, short term investments and the role of the financial institutions. The bibliography cites 2 sources.
Page Count:
3 pages (~225 words per page)
File: TS14_TEasiae1.rtf
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Unformatted sample text from the term paper:
regions, which had, until 19965, been growing rapidly based on international investment and a string export market. In looking at the collapse of the Asian economies there are many factors
that came together to form this domino effect that spread form country to country. There are many theories form over regulation to
under regulation, but to understand the easy in which it was the interaction of different factors a range of route causes need to be considered. The crisis may have occurred
in 1996, but there were signals of forthcoming trouble in 1996. The region had grown mainly on the back of export markets, in 1996 growth of the exports began to
slow down (Ushikoshi, 1998). Some believed that this was a danger sign, other that the economies were just cooling don after high growth rates and this was part of a
natural cycle (Ushikoshi, 1998). The demand that had been seen in the area had lead to an over valuation of the currency in
the area. This was seen with the Thai Bhat, which may be seen as triggering the crisis. The Thai baht was overvalues in the way it was controlled. The actual
value was pegged to a basket of currencies. However, in reality there was a closer link to the dollar due to the weighting and currencies in that basket. From 1995
the Baht had been appreciation in value. The higher the value the more difficult it is to export, as the process is comparatively higher. This lead to the fall in
the level of exports from Thailand. This precipitated the crisis. The economies in the area may also be seen as over stretched,
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