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INTERNATIONAL JOURNAL OF CREATIVE RESEARCH THOUGHTS - IJCRT (IJCRT.ORG)

International Peer Reviewed & Refereed Journals, Open Access Journal

IJCRT Peer-Reviewed (Refereed) Journal as Per New UGC Rules.

ISSN Approved Journal No: 2320-2882 | Impact factor: 7.97 | ESTD Year: 2013

Call For Paper - Volume 14 | Issue 8 | Month- August 2026

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  Published Paper Details:

  Paper Title

ASIAN FINANCIAL CRISIS 1997 : SPECIAL REFERENCE TO THE 4 ASIAN DRAGONS

  Authors

  Karamvir Dewan,  Rohan Arora

  Keywords

Financial Crisis, Asian Dragons, IMF, speculative attack, reforms.

  Abstract


This paper focuses on the 1997 Asian Financial Crisis and the major factors causing the crisis, involving the role of the International Monetary Fund and main emphasis in done in the studying the impact on the 4 Asian Dragons. Some issues faced by the crisis, which are discussed, are still prevalent today in various economies in the world. The speculative attack on the Korean won, Hong Kong Dollar, Taiwan Dollar and Singapore Dollar. Increasing interest rates, market failures, the labor market in Taiwan, the issues the general public faced and corruption in the governments are discussed in this paper. Even though this crisis has been overcome and the affected economies have moved on, there are still some nations which are facing similar problems in their economy which would help them to use this as a base and reform their structures to benefit in the long run.

  IJCRT's Publication Details

  Unique Identification Number - IJCRT1801050

  Paper ID - 180123

  Page Number(s) - 389-392

  Pubished in - Volume 6 | Issue 1 | January 2018

  DOI (Digital Object Identifier) -   

  Publisher Name - IJCRT | www.ijcrt.org | ISSN : 2320-2882

  E-ISSN Number - 2320-2882

  Cite this article

  Karamvir Dewan,  Rohan Arora,   "ASIAN FINANCIAL CRISIS 1997 : SPECIAL REFERENCE TO THE 4 ASIAN DRAGONS ", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.6, Issue 1, pp.389-392, January 2018, Available at :http://www.ijcrt.org/papers/IJCRT1801050.pdf

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Call For Paper August 2026
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ISSN and 7.97 Impact Factor Details


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ISSN: 2320-2882
Impact Factor: 7.97 and ISSN APPROVED
Journal Starting Year (ESTD) : 2013
ISSN
ISSN and 7.97 Impact Factor Details


ISSN
ISSN
ISSN: 2320-2882
Impact Factor: 7.97 and ISSN APPROVED
Journal Starting Year (ESTD) : 2013
ISSN
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