A lesson learned

Foreign exchange

fx-1-gif

The Asian crisis taught the continent’s corporates and asset managers an important lesson. For those domestic companies that borrowed in US dollars with little thought of hedging, the collapse of several of the region’s pegs to the US dollar meant soaring debt servicing levels and, ultimately for some, collapse. This year’s volatility in the US dollar, however, has shown how far Asia’s markets have come in the five years since the onset of the crisis. Far from sending the region’s tr

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: