The Asian Currency Crisis

Name: The Asian Currency Crisis
Brand: Quizplus
Rating: 4.8 (55 reviews)

Question

Quizplus · Accepted Answer

The Asian Currency Crisis was more serious than the Mexican peso crisis in terms of the extent of contagion. The crisis began in July 1997 and swept through several Asian countries, causing currency devaluations and economic downturns across the region. It took several years for many of these countries to fully recover.

(Note: A, C, and D are all inaccurate statements about the Asian Currency Crisis.)