Asian financial crisis in indonesia

The currency peg was partly scrapped in July , rising 2.

This prolonged period of low interest rates forced Japan to borrow increasingly larger sums of money to invest in global equities markets.

Indonesia During the s, international portfolio and direct foreign investors and foreign lenders alike were quite taken with the rapidly growing economy of Indonesia see table 1. The Asian crisis led to some much-needed financial and government reforms in countries such as Thailand, South Korea, Japan, and Indonesia.

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