Module 4 Flashcards
1
Q
Factors in the financial sector which contributed to the severity of the Asian crisis include the ff:
A
- Inadequate fund management system
- Ineffectives Sterilization of capital inflows
- restrictions on foreign banks entry
- Nonperforming loans
- High Cost of Financial Services
- Blance sheets
2
Q
Factors that gooten out of control set the stage for the attack on the Thai baht in June 1997.
A
Domestic factors
Domestic Economic boom
3
Q
External Sector Difficulties
A
- Rapid growth in current-account deficits
- Overvalued Exchange Rates
- The collapse in exports
4
Q
Important factors in the resumption of growth
A
Domestic demand
Foreign trade
5
Q
Bad year for most countries in Asian region.
A
1998
6
Q
Post crisis experience economic growth
A
Exchange rates
Equity prices
Restructing
