The story of the 1997 Asian Financial Crisis continues in this episode. Hear the “Echonomics”’ guests discuss how the U.S., International Monetary Fund, and global organizations learned from the crisis and why it was, and still is, important to get to know Asia and its economies.
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25:14
Asia Engulfed in Financial Crisis
In 1997, Thailand’s currency collapsed, setting off a currency contagion that spread across Asia and threatened to take down several economies with it. Thitinan Pongsudhirak, Siwage Dharma Negara, Caroline Atkinson, and Paul Blustein discuss the origins of the crisis and the impact it had on markets across the region.
Echonomics is a narrative podcast that looks at how past economic events in Asia continue to impact U.S. policy today. Join us as we hear how history reverberates onto today’s policy decisions and often repeats itself.
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