Asian financial crisis of 1997
GPTKB entity
Properties (58)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
financial crisis
|
| gptkbp:causedBy |
currency speculation
over-investment |
| gptkbp:followedBy |
economic recovery
increased regulation IMF conditionality reforms in financial sector |
| https://www.w3.org/2000/01/rdf-schema#label |
Asian financial crisis of 1997
|
| gptkbp:impact |
gptkb:Malaysia
gptkb:Philippines gptkb:South_Korea gptkb:Thailand Indonesia |
| gptkbp:influencedBy |
global economic conditions
|
| gptkbp:involved |
financial deregulation
capital flight speculative attacks weak financial institutions |
| gptkbp:ledTo |
social unrest
economic recession IMF intervention |
| gptkbp:notableEvent |
debt restructuring
1998 Indonesian riots increased poverty levels increased regional cooperation influence on economic theories regional economic integration efforts influence on future financial crises changes in trade policies impact on investment strategies impact on labor markets impact on global supply chains increased focus on corporate governance increased scrutiny of financial practices changes in foreign exchange policies changes in investor behavior changes in monetary policy frameworks impact on global economic governance impact on global markets increased awareness of systemic risks increased focus on economic resilience increased focus on social safety nets increased public debt in affected countries influence on international trade agreements rise of economic nationalism rise of populism in affected countries increased role of international financial institutions impact_on_ASEAN_relations Asian_Development_Bank_assistance South_Korean_bailout Thai_financial_reforms currency_board_system_in_Hong_Kong shift_in_economic_policies_in_Asia |
| gptkbp:resultedIn |
high unemployment rates
currency depreciation decreased foreign investment banking sector collapse |
| gptkbp:triggerType |
devaluation_of_the_Thai_baht
|