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Southeast Asia and Financial Crisis: Causes, Experiences and Challenges

Southeast Asia and Financial Crisis: Causes, Experiences and Challenges

Shazida Jan Mohd Khan
Copyright: © 2016 |Pages: 16
ISBN13: 9781466698062|ISBN10: 1466698063|EISBN13: 9781466698079
DOI: 10.4018/978-1-4666-9806-2.ch012
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MLA

Khan, Shazida Jan Mohd. "Southeast Asia and Financial Crisis: Causes, Experiences and Challenges." Handbook of Research on Impacts of International Business and Political Affairs on the Global Economy, edited by Norhayati Zakaria, et al., IGI Global, 2016, pp. 225-240. https://doi.org/10.4018/978-1-4666-9806-2.ch012

APA

Khan, S. J. (2016). Southeast Asia and Financial Crisis: Causes, Experiences and Challenges. In N. Zakaria, A. Abdul-Talib, & N. Osman (Eds.), Handbook of Research on Impacts of International Business and Political Affairs on the Global Economy (pp. 225-240). IGI Global. https://doi.org/10.4018/978-1-4666-9806-2.ch012

Chicago

Khan, Shazida Jan Mohd. "Southeast Asia and Financial Crisis: Causes, Experiences and Challenges." In Handbook of Research on Impacts of International Business and Political Affairs on the Global Economy, edited by Norhayati Zakaria, Asmat-Nizam Abdul-Talib, and Nazariah Osman, 225-240. Hershey, PA: IGI Global, 2016. https://doi.org/10.4018/978-1-4666-9806-2.ch012

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Abstract

The financial crisis in 1997 has delivered a phenomenal impact on the economies and threatens their banking and financial sectors. The lessons from the crisis are enormous. The affected countries have very much changed in their fundamentals in managing their economies and their banking sector. These efforts are specifically aimed at ensuring that their economy will be back on track and able to sustain whatever the coming future will be. However, these transformations are again being tested as soon as the global crisis hit the region. The Southeast Asian countries are stronger and proven more prepared in facing this new global crisis. This chapter will look at the background of the 1997 financial crisis and the global crisis. The discussion will allow readers to have a brief understanding of the crises and subsequently extend this knowledge into developing new research idea.

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