revisit the asian crisis of 97/98, page-3

I had a look at your google search and it came up with this(see below)...

what point are you trying to make Kincella?

- if a country borrows a lot of money from O.S to fuel a housing boom it will cause a financial collapse?

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http://en.wikipedia.org/wiki/1997_Asian_financial_crisis

1997 Asian financial crisis

The Asian financial crisis was a period of financial crisis that gripped much of Asia beginning in July 1997, and raised fears of a worldwide economic meltdown due to financial contagion.

The crisis started in Thailand with the financial collapse of the Thai baht caused by the decision of the Thai government to float the baht, cutting its peg to the USD, after exhaustive efforts to support it in the face of a severe financial overextension that was in part real estate driven. At the time, Thailand had acquired a burden of foreign debt that made the country effectively bankrupt even before the collapse of its currency. As the crisis spread, most of Southeast Asia and Japan saw slumping currencies, devalued stock markets and other asset prices, and a precipitous rise in private debt.[1]