Sentences with phrase «asian currency devaluation»

Not exact matches

Their final «stylised fact» provides an accurate description of the subsequent Asian problems: «The «over-borrowing» episode culminates in a financial crisis, capital flight and recession — often forcing an uncontrolled deep devaluation of the currency, with a resurgence of inflation.»

At the time, the troika was credited with saving the world's financial markets from collapse and slowing the spread of the «Asian Contagion,» a wave of financial market panic that began with the rapid devaluation of Thailand's currency and spread to other parts of Asia, Russia and Latin America, soon affecting the real economy as well.

And, most recently, the liquidity that had buoyed the healthier Asian emerging markets fled after China's currency devaluation tilted the risk / reward balance of carry positions.

This has certainly been true historically; for instance, the volatility of emerging market currency returns soared during the East Asian financial crisis of 1997 and the devaluation of the ruble in 1998.

Then the third quarter of 1998 arrived: Russia's currency devaluation, the turmoil in Asian financial markets, and Long Term Capital Management's blow - up all sent the stocks of financial companies reeling.

The sharp devaluation of the currency during the Asian crisis of the late 1990s further ratcheted up their cost.