Sentences with phrase «asian financial crisis»

The big Wall Street investment banks that survived two World Wars, the Great Depression and the Asian financial crisis were taken down by single - family housing.

If there is any lesson learned from the Asian financial crisis, it is that regulatory safeguards must be in place before large - scale international capital flows begin.

The devastating impacts of the Asian financial crisis of 1997 - 98 serve as only the most recent reminder that all liberalized financial markets critically depend on regulatory frameworks that incorporate sound risk - management principles.

He is part of the generation that came to maturity during the period of upheaval and reform that occurred in the wake of the 1997 Asian financial crisis, the subsequent fall of the Suharto regime and the transition to democracy in Indonesia.

During his tenure he also led the Federal Reserve through several events with major economic repercussions, including two US recessions, the Asian financial crisis of 1997, and the September 11, 2001, terrorist attacks.

Prices rose through the 1990s until the Asian financial crisis in 1997 and 1998, fell up to 80 percent until 2004, and then soared more than tenfold to a peak last summer of more than $ 300 a square foot.

Their policy of cheap money led to the Asian financial crisis in 1997.

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.

Easy availability of credit in the US, fueled by large inflows of foreign funds after the Russian debt crisis and Asian financial crisis of the 1997 — 1998 period, led to a housing construction boom and facilitated debt - financed consumer spending.

The currency lost 54 % of its value during the Asian financial crisis of 1998, and it lost 41 % during the 2008 global crisis.

Another round of yen carry trades began in the summer of 1995 and ended in late 1998 — during the Asian financial crisis.

While its Asian markets suffered in the»90s due to Japan's crash in 1991 and the East Asian financial crisis in 1997, Mitsubishi was growing strongly in the U.S. until 2003.

South Korea was hit by the East Asian financial crisis in 1997 - 1998.

Another reason is to have a float in case your currency needs to be defended during a financial crisis - i.e. to avoid a repeat of e.g. the 1997 Asian financial crisis.

The Asian financial crisis of 1998 happened because the law ignored bankruptcy issues, which was caused by investors pulling out funds from inaccurate speculation.

But it is also held that globalization has brought in its wake, great inequities, mass impoverishment and despair, that it has fractured society along the existing fault lines of class, gender and community, while almost irreversibly widening the gap between rich and poor nations, that it has caused the flow of currencies across international borders, which has been responsible for financial and economic crises in many countries and regions, including the current Asian financial crisis, that it has enriched a small minority of persons and corporations within nations and within the international system, marginalizing and violating the basic human rights of millions of workers, peasants and farmers and indigenous communities.

I covered the Asian financial crisis in 1997 from Seoul, and I can tell you that the Koreans know something about crisis management.

Early in the quarter, the number of overseas arrivals fell particularly sharply, to approach levels seen in the aftermath of the Asian financial crisis, driven largely by falling arrivals from Japan and SARS - affected countries in east Asia (Graph 38).

In contrast, the stock - market crash in October 1987 and the Asian financial crisis were «endogenous» events, erupting from within specific markets, he says.

Consumers are now more optimistic about their situation than they were even before the onset of the Asian financial crisis.

Retail sales picked up in the December quarter in most countries, and capacity utilisation rates are at levels not seen since before the Asian financial crisis.

Shortly after the onset of the Asian financial crisis in mid to late 1997, these current account deficits shifted to large surpluses (Table A1).

«Things are starting look like the Asian financial crisis in the late 1990s.

Promptly after, the hedge fund would lose $ 4.6 billion in four months in the aftermath of the Asian financial crisis, requiring a bailout from the Federal Reserve and various banks.

Paul Martin, the former Canadian prime minister who helped create the G20 after the 1997 - 1998 Asian financial crisis, noted that «the big powers were largely immune to being named and shamed.»

Unlike the Asian financial crisis, the global financial crisis did give rise to a globally coordinated regulatory response.

It also helped the economy in 2008 when global risk aversion was at its peak, and during both the Asian financial crisis in the mid to late 1990s and the bursting of the tech bubble in the United States a decade ago.

And he did help save the world in the 1990s, along with Greenspan and Rubin, when they steered the global economy through the Asian financial crisis.

China withstood the Asian financial crisis in 1997 and 1998 and the global financial crisis in 2008 and 2009 in part because its financial system depended on highly stable household and corporate deposits parked mainly at four huge, government - controlled banks.

Many, having survived the Asian financial crisis of 1998, already had stricter rules governing banks and financial derivatives like mortgage - backed securities.

Managing the Mexican and Russian debt crises of 1994 - 1995 and later the Asian financial crisis of 1997 - 1998 along with then - Fed Chair Alan Greenspan and former U.S. Treasury Secretary Robert Rubin is arguably the highlight of Summers» resume.

The ringgit has lost a quarter of its value against the U.S. dollar this year and fallen to its lowest levels since the Asian financial crisis 17 years ago.

While working in Korea during the 1997 Asian financial crisis, I saw many corporations battle for survival after they had borrowed too much for acquisitions and investments.

Prices for major commodity exports crude oil and palm oil have dropped sharply and its currency, the ringgit, is trading close to its lowest levels since the Asian financial crisis in the late 1990s.

In part two, Sung - Joo Kim talks about how she was forced to sell the rights to exclusively distribute Gucci during the Asian financial crisis in 1997, when her firm lost $ 30 million overnight.

In part two, Kim talks about how her firm lost $ 30 million overnight during the Asian financial crisis in 1997.

Additionally, prices for its major commodity exports - crude oil and palm oil - have dropped sharply and its currency, the ringgit, is trading close to its lowest levels since the Asian financial crisis of the late 1990s.

The unrelenting global financial press compared the unusually extreme trading volatility to every terrible episode in modern financial history — the Asian financial crisis in the mid-1990s, the Black Monday of 1987, and the Black Monday of 1929.

Not exact matches

The only problem with buy and hold is that I've seen too many violent corrections in the markets: the Asian crisis in 1997, the Ruble crisis in 1998, the dotcom implosion in 2000, the housing market correction in 2006, and financial Armageddon in 2008 - 2009.

Despite the constraints of the recent financial crisis, over 50 percent saw no impact or a gain in their Asian operations during the crisis.

Consistent with this improvement, many Asian monetary authorities allowed their currencies to depreciate during the global financial crisis.

So, I would like to start by talking about the Asian and global financial crises and the policy / regulatory responses intended to reduce the risk and damage of future crises.

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.»

To move past the financial crisis of the 1990s, Asian economies made a host of important structural changes — and Asian fixed income stands ready is positioned to benefit.

During the 1990s, he was a leader in crafting the U.S. response to international financial crises arising in Mexico, Brazil, Russia, Japan, and Asian emerging markets.

Faber argues there is — it might be harder to spot and it might not be as deep as it was in the aftermath of the financial crisis, but sharp - eyed investors will find intriguing opportunities in Asian markets, Eastern European markets, precious metals, and real estate.

As noted above, the contractionary impulse arising from the Asian crisis has occurred in two stages — an initial, rapid contraction in the economies first affected by the regional financial instability, and a more delayed slowing of other economies in the region.

Asian stock markets were up sharply Monday after elections in Greece eased fears of global financial turmoil, but analysts warned that the economic crisis shaking the 17 nations that use the euro was far from over.

The 2008 global financial crisis resulted in losses amounting to $ 50 trillion according to a study by the Asian Development Bank10.

Interest rates in these countries are at least 4 % higher than in the U.S. or Europe and the credit quality of most of these countries is investment grade, plus the holdings of the larger ETFs are so widely distributed that unless one had a major financial crisis, similar to the Asian crisis in 1995 or the financial meltdown in 2008, one's investment should weather most isolated storms.