Evidence of how global markets are linked was provided in 1997 and 1998 when international markets reacted to

Question

Quizplus · Accepted Answer

Both events, the collapse of Asian currencies and Russia's default on its sovereign debt, were significant and had a ripple effect on global markets. The combination of the two events led to a greater understanding of the interconnectedness of the global economy and the potential for economic crises to spread quickly across borders.

Evidence of How Global Markets Are Linked Was Provided in 1997