Origins of the 1997 Asian Financial Meltdown

The meltdown began with Indonesian President Suharto signing his reception of the up-to-date list of 50 IMF stipulations. The president had no alternative, albeit several of the envisioned improvements are politically revolting. An example has been the depletion of currency from Indonesia in the past half a year that the nation’s economy would collapse if a subsequent global bail-out were de... read more

7 pages

2100 words

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