How Asia Shapes Up 20 Years After 1997 Financial Crisis (Nikkei Asian Review)

Asia’s financial systems are more robust as Thailand, Indonesia and South Korea have given up their currency peg to the dollar, a practice that had made their economies vulnerable to speculators, and most emerging economies in the region are no longer running current-account deficits, with many boasting vast amounts of foreign reserves. Nevertheless, new risks abound. READ MORE

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