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Asian financial turmoil


financial turmoil asian


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More and more was required as the size of the bubble grew. The dynamics of the situation were similar to that of the Latin American debt crisis. Since the countries melting down were among not only the richest in their region, but in the world, and since hundreds of billions of dollars were at stake, any response to the crisis was likely to be cooperative and international, in this case through the International Monetary Fund IMF. The resulting large quantities of credit that became available generated a highly leveraged economic climate, and pushed up asset prices to an unsustainable level. Thailand's economy developed into an economic bubble fueled by hot money.


financial turmoil asian
financial turmoil asian
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financial turmoil asian
financial turmoil asian
financial turmoil asian
financial turmoil asian
financial turmoil asian
financial turmoil asian
financial turmoil asian
financial turmoil asian
financial turmoil asian
financial turmoil asian

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