Asian Financial Crisis: Overview of Asian Crisis and Recovery Progress

Noerlina, Noerlina
Dewi, Sylvia Cinthya

Journal The Winners
Vol 4, No 1 (2003): The Winners Vol. 4 No. 1 2003

The rapid recovery in Asia economies in some ways of a surprise because many countries in Asia had tried a lot of ways to stabilize the economy from the crisis’ pressure in 1997. As a result, most of these countries in Asia slowly recover by the step of restructuring in the financial sector, such as fiscal adjustment and the continuation of a floating exchange rate system.