Asian financial crisis (1997)

GPTKB entity

Predicate	Object
gptkbp:instanceOf	economic crisis
gptkbp:affectedArea	gptkb:Hong_Kong gptkb:Indonesia gptkb:Japan gptkb:Malaysia gptkb:Philippines gptkb:South_Korea gptkb:Thailand
gptkbp:cause	capital flight speculative attacks on currencies weak financial regulation overleveraged corporate sector
gptkbp:consequence	political instability mass unemployment corporate bankruptcies poverty increase reform of financial systems
gptkbp:currency	gptkb:Indonesian_rupiah gptkb:Japanese_yen gptkb:South_Korean_won gptkb:Thai_baht gptkb:Hong_Kong_dollar Malaysian ringgit Philippine peso
gptkbp:endDate	1998
https://www.w3.org/2000/01/rdf-schema#label	Asian financial crisis (1997)
gptkbp:location	gptkb:Southeast_Asia gptkb:East_Asia
gptkbp:notableOrganization	gptkb:Asian_Development_Bank gptkb:International_Monetary_Fund gptkb:World_Bank
gptkbp:notablePerson	gptkb:Suharto gptkb:Chavalit_Yongchaiyudh
gptkbp:notablePlace	Indonesia GDP contracted by 13.1% in 1998 South Korea unemployment rose to 7% in 1998 Thai baht lost over 50% of its value in 1997
gptkbp:notableRescuePackage	gptkb:IMF_bailout_for_Indonesia gptkb:IMF_bailout_for_South_Korea gptkb:IMF_bailout_for_Thailand
gptkbp:relatedEvent	gptkb:Global_financial_crisis_(2007–2008) gptkb:Russian_financial_crisis_(1998)
gptkbp:result	gptkb:currency economic crisis bank failures social unrest IMF intervention political changes
gptkbp:startDate	1997
gptkbp:triggerDate	July 2, 1997
gptkbp:triggeredBy	collapse of Thai baht
gptkbp:bfsParent	gptkb:New_Order_regime
gptkbp:bfsLayer	6