Topic
1997 Financial Crisis
2 stories related to this topic, newest first.
financialpost.comfinance50 days ago
Asian Currencies Face Pressure From Rising Oil Prices and Strong Dollar
Rising oil prices and a stronger dollar are placing pressure on Asian foreign-exchange reserves. The reserves were accumulated after the 1997 financial crisis.
pravdareport.comfinance93 days ago
Disruption in Strait of Hormuz Raises Energy Costs for Asian Economies, Echoing 1997 Financial Crisis
A disruption in the Strait of Hormuz has led to higher energy costs and weakening currencies in Asian economies. This situation recalls the 1997 Asian Financial Crisis, though analysts indicate a full repeat is unlikely. The event affects regional trade and economic stability.