Asian Financial Crisis of 1997 started from which of the following countries?
Q. Asian Financial Crisis of 1997 started from which of the following countries?
Answer: Thailand
Notes: The Asian Financial Crisis was a period of financial turmoil that affected many countries in the Asian region, including Thailand, Indonesia, South Korea, and Malaysia, in 1997 and 1998. The crisis began with the collapse of the Thai baht in July 1997 and quickly spread to other countries, causing a widespread loss of confidence in the region's economies and financial markets. The crisis was triggered by a number of factors, including large-scale foreign borrowing by Asian governments and companies, overvalued real estate markets, and weak financial institutions. The crisis had severe consequences for the affected countries, including sharp declines in their currencies, stock markets, and economies. It also led to the implementation of a number of IMF-backed stabilization and restructuring programs in the region.

 

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