Stages of the financial crisis in Asia 1997.docx

Deterioration of the export import balance the

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Deterioration of the export-import balance. The collapse of the national currency and the even greater flow of capital from the country. The fall of the stock market, the deterioration of investment processes. The growth of inflationary processes, a reduction in aggregate demand, a decrease in GDP, a reduction in aggregate demand for energy, raw materials, a drop in energy prices, raw materials, as a consequence of the shock in the economy of oil-producing and commodity countries, including Russia. The analysis of crisis in Asia allows us to conclude that it is necessary to change the traditionally established lending scheme; governments should provide the public with accurate and timely economic information and exercise proper supervision over the banking systems of their countries. Bibliography Carson, Michael, and John Clark. “Asian Financial Crisis.” Federal Reserve History , .
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“Commanding Heights Episode 3- Rules of the Game (Official Video).” YouTube , YouTube, 10 June 2016, .
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