History repeating


A little over a decade ago, several Asian economies were badly caught out by sudden, devastating moves in the foreign exchange markets. In the build-up to the crisis, which began in July 1997 with the collapse of the Thai baht, Asian corporates and financial institutions had extensively tapped offshore capital markets - particularly in US dollars. But when Asian currencies plunged in value, the mismatch between local currency assets and dollar liabilities led to a spate of corporate bankruptcies

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: