It also shows how the IMF decided to deal with the crisis. The source is quite credible due to the fact that the author is a specialist in Industry and Trade Economics Division, and presented his findings to the US Congress in 1998. It is seen that he takes the stance from the American government point of view, as the crisis affected America as well...
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It also shows how the IMF decided to deal with the crisis. The source is quite credible due to the fact that the author is a specialist in Industry and Trade Economics Division, and presented his findings to the US Congress in 1998. It is seen that he takes the stance from the American government point of view, as the crisis affected America as well...
displayed next 300 characters

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Asian Crisis (2) The result has been large devaluation's of the exchange rates of these countries, especially against the US dollar. Large interest rate increases to support the exchange rates at their new lower levels (to prevent wholesale over reaction and collapse in foreign exchange markets and to help contain the strong inflationary forces set in motion); and extra restrictions in fiscal policy...	9 / 2481
Asian Crisis On the whole, this process of globalization has been an enormously positive development. It has opened new markets, enhanced competition, spurred innovation, and provided new opportunities for workers, farmers, and businesses around the world...	3 / 732
Global savings China's economic growth rate is 9%, due to: increasing exports & spending in capital goods and construction; very low interest rates; increasing (but still low) inflation and real exchange rate depreciation...	4 / 927
East Asian Crisis In The Econo Japan's economy is burdened by $300 billion in bad bank loans and a recession. Chinese banks may carry bad banks loans of up to $1 trillion. The banks lend 66% of China's investment capital to state-run industries that only produce 12% of China's industrial output (Manning 2)...	3 / 687