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The Asian financial crisis of 1997 was caused by currency devaluations and corporate debt issues in several East Asian countries. Countries like Indonesia saw their currencies drastically decline in value against the U.S. dollar after devaluations, greatly increasing the amount of money needed to repay foreign corporate debts that were denominated in U.S. dollars. This led to widespread bankruptcies and economic turmoil across East Asia.
The Asian financial crisis of 1997 was caused by currency devaluations and corporate debt issues in several East Asian countries. Countries like Indonesia saw their currencies drastically decline in value against the U.S. dollar after devaluations, greatly increasing the amount of money needed to repay foreign corporate debts that were denominated in U.S. dollars. This led to widespread bankruptcies and economic turmoil across East Asia.
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The Asian financial crisis of 1997 was caused by currency devaluations and corporate debt issues in several East Asian countries. Countries like Indonesia saw their currencies drastically decline in value against the U.S. dollar after devaluations, greatly increasing the amount of money needed to repay foreign corporate debts that were denominated in U.S. dollars. This led to widespread bankruptcies and economic turmoil across East Asia.
Hak Cipta:
Attribution Non-Commercial (BY-NC)
Format Tersedia
Unduh sebagai PPT, PDF, TXT atau baca online dari Scribd