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Asian financial crisis lessons return as global risks build
Original: What the Asian crisis teaches today as global financial risks return
East Asia Forum argues the 1997 Asian financial crisis holds clear lessons for today's global economy as financial risks build again. The piece points to vulnerabilities such as heavy foreign-currency debt, overheated asset markets and weak banking oversight, warning that policymakers who ignore those lessons may repeat the same mistakes as stress returns to the international financial system.
Why now: Renewed concerns about global financial instability are prompting comparisons with the 1997 Asian crisis.
East Asia ForumAsian financial crisis
Evidence
- What the Asian crisis teaches today as global financial risks return · East Asia Forum
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