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The 36 pages that link to Asian financial crisis, each with the reason it gives.
International Monetary FundBroader topic: IMF programs in Indonesia, South Korea, and Thailand became central to disputes over crisis policy.
Foreign exchange marketBroader topic: Currency pressures and exchange-rate regimes were central to the crisis’s development.
Korean WaveRelated: Economic restructuring after the crisis encouraged investment in cultural exports.
SuhartoRelated: The crisis intensified unrest and weakened the economic foundations of Suharto’s government.
Washington ConsensusRelated: The crisis sharpened disputes over liberalization and policy advice associated with Washington institutions.
Kim Dae-jungRelated: Kim took office during South Korea's crisis and negotiated an International Monetary Fund rescue.
Currency crisisBroader topic: It exposed the risks of foreign-currency borrowing and fragile financial systems alongside exchange-rate pressure.
Floating exchange rateBroader topic: It illustrates the costs of abandoning defended exchange-rate pegs under pressure.
Systemic riskBroader topic: It illustrates cross-border contagion through currencies, debt, and investor expectations.
Capital controlsBroader topic: Malaysia imposed controls during the crisis to limit outflows and stabilize policy.
Capital flightBroader topic: Capital reversals and flight intensified pressure on currencies and financial systems.
New OrderRelated: The crisis intensified economic hardship and helped undermine Suharto’s political support.
ReformasiRelated: The rupiah’s collapse and soaring prices intensified public anger during Suharto’s final months.
Financial crisisBroader topic: Foreign-currency debt and sudden capital outflows made national financial systems vulnerable.
ChaebolRelated: South Korea’s crisis exposed chaebol debt and prompted major corporate and financial reforms.
Mahathir MohamadRelated: Mahathir rejected IMF prescriptions and imposed capital controls during Malaysia’s response.
Kim Young-samRelated: The crisis struck South Korea near the end of Kim’s presidency and prompted an IMF rescue.
Tourism in ThailandRelated: The crisis increased attention to tourism as a source of foreign exchange and economic recovery.
South Korean labor movementRelated: Restructuring and expanded nonregular employment changed the movement’s priorities and organizing challenges.
B. J. HabibieRelated: Habibie inherited Indonesia’s crisis-stricken economy after Suharto fell.
Economic crisisBroader topic: It illustrates how exchange-rate pressures and foreign-currency debt can amplify a crisis.
Miracle on the Han RiverRelated: The crisis exposed vulnerabilities in corporate borrowing and finance built during earlier expansion.
Asian valuesRelated: The crisis intensified debate over whether Asian development models rested on distinctive social and political norms.
Li PengRelated: The crisis tested China’s economic policy near the end of Li’s premiership.
1998 Russian financial crisisRelated: The Asian turmoil reduced investor appetite for emerging-market assets, including Russian debt.
Zhu RongjiRelated: Zhu’s government maintained the renminbi’s value during the crisis while managing pressure on exports and financial stability.
1990sBroader topic: It showed how quickly financial shocks could cross national borders.
Paul KrugmanRelated: Krugman’s commentary on the crisis brought international macroeconomics to a broad audience.
Economy of South KoreaRelated: South Korea’s crisis prompted restructuring of banks, corporations, and financial regulation.
Eduardo Frei Ruiz-TagleRelated: The downturn affected Chile’s export markets and slowed growth late in Frei’s presidency.
Four Asian TigersRelated: The crisis exposed vulnerabilities in several fast-growing Asian economies, including South Korea.
History of Southeast AsiaRelated: It exposed the vulnerability of export-led growth and altered politics in several regional states.
Euro area crisisCompared with: Unlike euro-area members, affected countries could adjust exchange rates and monetary policy.
History of AsiaBroader topic: The crisis exposed the regional effects of economic integration and financial vulnerability.
History of BangkokRelated: Bangkok’s finance-led boom and property expansion were sharply affected when the crisis began in Thailand.
History of South KoreaRelated: The crisis forced South Korea to restructure corporations, finance, and employment.