Iran oil shock stirs memories of 1997 Asian Financial Crisis — but here’s why history may not repeat itself

The Hormuz disruption is hammering Asian economies with surging energy costs and weakening currencies, but a repeat of the ...
Raleigh News & Observer

History of currency crises: The impossible trinity and early warning signals

This report by OANDA unpacks the mechanics of currency crises through the Impossible Trinity, highlighting how tensions between exchange rate stability, capital flows, and monetary policy create ...
Yonhap News Agency on MSN

S Korea retrieves over 72 pct of bailout funds since 1997 financial crisis

The government has retrieved over 72 percent of the public funds used to bail out troubled financial firms since the ...
The New York Times

Take Shorter Showers: South Korea Kicks Off an Energy-Saving Drive

President Lee Jae Myung called on the public to cooperate, likening the energy supply disruption caused by the Iran war to the Asian financial crisis and the pandemic. By Choe Sang-Hun Reporting from ...
The Economist

To glimpse Indonesia’s future, look to its president’s view of the past

AS THE ASIAN financial crisis swept through Indonesia in 1997, the IMF offered the country a bail-out. It was thought that the loan would help Indonesia to turn the page quickly. After all, Suharto, ...
East Asia Forum

Indonesia’s fiscal anchor begins to drift

Fiscal policy has anchored Indonesia’s macroeconomic stability for more than two decades. Indonesia’s sovereign rating — which assesses the government’s ability and willingness to meet debt ...
Cfr.org

Economic Crisis and Corporate Reform in East Asia

The Asian financial crisis of 1997-98 involved, among other things, a failure of regulation. Some believe this failure is endemic to global capitalism, and others believe it was profoundly local and ...