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The Asian Financial Crisis of 1997-1998 was a severe economic crisis that affected many East Asian countries, leading to massive financial turmoil and economic downturns. By understanding the causes, impacts, and recovery strategies of the AFC, domainers can gain valuable insights into risk management, market dynamics, and investment strategies. Let’s start from square one. The Asian Financial Crisis began in July 1997 and spread rapidly across the region, affecting countries like Thailand, Indonesia, South Korea,…
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