Analyze the financial crises that have affected the global economy from 1997 until now. Do they all have a common origin? Explain your answer and give some examples.© BrainMass Inc. brainmass.com March 4, 2021, 11:46 pm ad1c9bdddf
Global Economy :
The global economy of 1997 started with the global economy started with aspects of structural measures, the lack of protection for economies that were emerging, unregulated global fee markets and debt (Shah, 1998). Also referred to as the Asian financial crisis due to its origin, it saw a couple of Asian countries such as Thailand and South Korea experience issues of foreign currency shortages, financial sectors that were not adequately developed and issues related to the International Monetary Fund (IMF); with most of the crisis emanating from a currency depreciation issue (Nanto, 1998).
When you fast forward to the late ...
The expert analyzes the financial crises that have affected the global economy from 1997 until now.