Which of the following is NOT the root cause of the 1997 Asian financial crisis?

Question

Quizplus · Accepted Answer

Chronic trade surplus in Asian countries was not the root cause of the 1997 Asian financial crisis. In fact, it was seen as a positive factor before the crisis as it indicated strong economic growth. The root causes were a sudden capital flight, close relations between business, banks, and government agencies which led to risky lending decisions, and a fixed exchange rate system.

Which of the Following Is NOT the Root Cause of the 1997