Asian financial crisis

South Korea's looming crisis

Twenty years after the Asian financial crisis, South Korea seems to have learned its lesson, having taken great pains to strengthen its economic resilience.

September 27, 2019
September 27, 2019

Banking in dire straits: Will needed to fix ills

People do not lack strength; they lack will, the French poet and novelist Victor Hugo once said. The words perfectly describe the government’s attitude thus far towards fixing the banking sector.

October 4, 2017
October 4, 2017

South Korea's looming crisis

Twenty years after the Asian financial crisis, South Korea seems to have learned its lesson, having taken great pains to strengthen its economic resilience.

July 13, 2017
July 13, 2017

Asia's unhappy anniversary

This month marks the 20th anniversary of the Asian financial crisis—or, more precisely, of the event that triggered the crisis: the devaluation of Thailand's baht.

August 17, 2016
August 17, 2016

Airing the IMF's dirty laundry

Following the International Monetary Fund's controversial actions in the Asian financial crisis of 1998, when it conditioned liquidity assistance to...