Thanks for watching "1997 Asian Financial Crisis | The Story and Lessons Learned" Today, we’re going to be talking about the Asian Financial Crisis. Now, you’ve probably heard about it in your classes in school, but are you really familiar with what went down during that time period? The Asian financial crisis, also known as the “Asian Contagion” refers to the sequence of currency devaluations back in 1997 that affected a great number of Asian markets. Affected nations included Thailand, South Korea, Malaysia, Singapore, Indonesia, and the Philippines. The crisis had severe macroeconomic-level effects- sharp dips in currency values, fluctuation of stock market, and change in asset prices. As a result of this financial crisis, many businesses failed and collapsed, and millions of citizens fell below the poverty line from 1997 to 1998. So, what’s the story behind the Asian Financial Crisis? What were the events that triggered the crisis? What brought about the dip in currency valuations? What were the repercussions of the crisis on citizens? And most importantly, what were the lessons learned from the Asian Financial Crisis? Well, that’s exactly what we’re going to be talking about in today’s video, so sit back and relax as we dive into the details of the 1997 Asian Financial Crisis.

01:20 - 02:15 Life Before The Crisis
02:16 - 04:06 What Triggered The Crisis?
04:07 - 05:19 What The Crisis Did to Nations’ Currencies
05:20 - 06:09 Who Saved The Day?
06:10 - 07:30 Lessons From The Crisis

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Translated titles:
Crisis financiera asiática de 1997: historia y lecciones aprendidas

1997 Asiatische Finanzkrise: Die Geschichte und die gewonnenen Erkenntnisse

Crise financière asiatique de 1997: histoire et leçons apprises

Crise financeira asiática de 1997: a história e as lições aprendidas

1997 एशियाई वित्तीय संकट: कहानी और सबक सी

1997 Asiatiese finansiële krisis: die verhaal en lesse geleer

1997 Kriza financiare aziatike: Historia dhe mësimet e nxjerra

1997 የእስያ የገንዘብ ቀውስ ታሪክ እና ትምህርቶች የተማሩ ናቸ

1997 الأزمة المالية الآسيوية: القصة والدروس المستفادة

1997 Ասիական ֆինանսական ճգնաժամ. Պատմությունն ու քաղած դ

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