How Asian Countries Failed? | 1997 Asian Financial Crisis | Explained | Ayushi Chand

In this video, we discuss an important case study in the global economic history, wherein everything that could possible go wrong went wrong.
The Asian Financial Crisis was a watershed moment in the history of the world which led to the emergence of a new world order of regional economic cooperation in the form of the Chiang Mai Initiative and the G20.
Watch at 1.5x.
Learn about the crisis, the causes, the repercussions and the lessons learnt here.
01:20 Introduction
02:09 Causes for the Crisis
07:49 Consequences of the Crisis
09:30 Reforms Introduced
12:09 Lessons to be learnt
14:30 Conclusion
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Pakistan on the verge of collapse?: • Explained: Pakistan Ec...
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Ayushi Chand is an Indian Economic Service (IES) officer, and has worked with the Central Government of India (Ministry of Finance). She has over 8+ years of work experience in the fields of finance, economics and public policy.
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Attributions: commons.wikimedia.org/wiki/Fi...

[@bhsdiwale_chicha1501]

Currently pursuing my mba from Srcc and preparing for a presentation on East Asian crises . Really insightful video ❤

[@rahuldixit7633]

Great Ayushi Great Report..

[@macbro5903]

Good research 💯

[@TooDamnHighOpportunityCost]

Thank you!!!

[@DeepakDhariwal-hv4hg]

Thank you mam it was very helpful video please keep going❤❤

[@arunjohn708]

Good Information ma'am, All the best

[@raman_1982]

very well explained..

[@RajuPanku-zm7li]

Mam! Your explaination is awesome. Please continue to upload videos.

[@cool3884]

such complex crisis explained easily. hats off. the views are criminaly low.

[@TheDynamicmarket]

You are best!

[@dinkeydink9376]

Nice work! ❤ Thanks for sharing! Funny, alot of countries did the same. Open up, deregulate, capital inflow, bubble, crash, change fix to float exchange rate. And in the end, alot of state owned companies in the hand of private investors cheaply. When u see this pantern over 10/15 years in alot of countries, u suspect its on purpouse.

[@mohibquadri4053]

Dr Manmohan singh made some great efforts to uplift our financial sector from going down. People don't know much about it but history will remember him as one of the best statesman we've ever had in terms of taking country towards path of overalls development.

[@cool3884]

I agree. but there is a glitch: a family member binds a dog into a dark pit for days until dog becomes almost half dead. and then another member brings it back to health by care. got it?

[@banty6350]

Desh ko barbad kar Raha hei uska 3 reform ke chakar mein

[@sohandamle]

well researched and in depth information which no one tells about. great video

[@AyushiChand]

Thank you :)

[@mangalyadav3614]

Ma'am it seems you are on mission to provide economic literacy please consider the idea to create a dedicated course to cover economy for UPSC exam aspirant POV

[@gdp2102]

Hi, thanks for sharing this important video. Do you see any possibility of repetition of this situation in current times? I can see some similarities though. Please try and make video in current times

[@owojcik]

I study Korean Philology and I'm supposed to make a presentation about 1997 Asian Financial Crisis. I don't have much understanding of international economic processes or things such as stock market etc. but you explained the issue very clearly!! I'm very thankful, its so good that people like you share your knowledge and devote their tome to make this knowledge so accessible. Lots of love, I'm gonna advise your channel for my friends who study on economics related majors💗💕

[@neerajkant3728]

Madam you are such a intellectual person...thats what all i have to say about this...may shree kashi vishwanath bless you...thanks for sharing the detail about this 1997 economic crisis

[@AyushiChand]

Thank you so much :)

[@rutujathakur2173]

Maam please upload videos on regular basis as they are explained in layman's language and understanding becomes much easier. Hope to see you soon!!

[@ayushjain2640]

Hello Ma'am, Thank you, It's a really informative video. I would like if you would also make videos on European financial crisis 2007 and World Economic Depression of 2008 (Housing Bubble).

[@AyushiChand]

Yes, I will. Thanks for the suggestion :)

[@shailendra1537]

How is it so missed out that everytime their crisis or scams 90% of time there are banks neglecting risks on their investments.

[@djankush4519]

Hi Ayushi, can you make a video on negative interest rate regime? It's need, implications and benefits

[@amits221]

Good

[@vishnuvarthan2736]

Was wondering isn’t this a non compliance. As you were working closely with government on budget Is akshat allowed to invest in stocks. Me as an employee of financial service company, am supposed to declare that none of my close family members are investing in stocks

[@propertytsunami3071]

given bretton woods collapsed since US decouple from gold Is there any solution other than global financial re-set for US since this country own 1/3 of the global debts?

[@AbhishekKumar-qe8kz]

Hello Ma'am, could you make a video on KKR's takeover of RJR Nabisco in 1989? I tried to understand it by myself but wasn't able to absorb much.

[@Shamaate]

Ma’am, I could assume that bad loans practices are part of any economic crisis. So isn’t it handy tool for any mindful person to track the banks stability ?

[@shailendra1537]

8:53 wrong map

[@mtpatel90skid]

Does current Indian economic boom ends up like 1997 asian economic crises?

[@Anti-CornLawLeague]

Sounds like the Austrian Business Cycle Theory is true based on this. Flood of cheap credit caused a boom and bust.

[@SANDESHACHARYA-ew5li]

Hello mam, Can you make a video on how USA become a apex nation as well as how it's currency so powerful among the other currency .

[@AyushiChand]

Yes, definitely. Very interesting topic, thank you for suggesting it. Will make a video soon. :)

[@banty6350]

Imf aur gatt jaise sansta ko khol kar garib aur madhyam barg ke desh ko lut kar powerful hua hei

[@mithun3362]

👏

[@shaansode7130]

I am also from SRCC

[@RationalismIsFuture]

Can you correct the map of india in east asian map featured in thumbnail

[@AyushiChand]

Corrected. Thank you

[@gouthamperumal3837]

9:16 I like mainland Jaina too

[@isparshmehta]

Crony Capitalist: Adani!

[@TECHanLIFE]

True

[@batman-om2kx]

Bro I invest in Adani stocks and made 100 time my money now I can relax and my future generations wealth is also secured so CRONY CAPITAL LIST ROCKS😎

[@beaugalbraith3242]

Enjoying the video but now confused.. at 5:09 you talk about The US currency appreciated which then made the Asian country exports more expensive.. why? I don’t get it.

[@akshaysingh5231]

All the tiger economies in that time were heavily dependent on foreign investment, so much so, that it was cheaper to buy from foreign entities and banks than the domestic institutions. When the interest rates were raised by Fed, the cost of borrowing became significantly higher which affected the operating costs of all businesses in South Asian countries who had pegged their currency with the USD. This affected their exports and many businesses had to be shut.

[@aniketgour7949]

Mam your video content was so good. And I am glad to see it but mam the toughness of your english make me understand little bit and not fully. So mam I am hoping you to use basic english.😅

[@rishabhmanerkar]

Should we expect regular uploads now?

[@AyushiChand]

Yes :)

[@dank_ass1]

soo easyyy..thank you

[@UllahMohd]

The same "Crony Capitalism" & gross corruption is happening in Bangladesh & it's going to pay a hefty price very soon.

[@vijayhemmady4677]

👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍🙏🙏🙏

[@C01A60]

Crony capitalism - Adani?

[@krishnagoel10]

Dono pati patni mast youtube se paisa chhaap rahe h. No hate just a comment, and both of you are amazing and make good videos, I really like your videos

[@shouryarajput7302]

Hindi

[@sanankhan2960]

Hi you look beautiful 😊

[@bobbyrathore7126]

mam aap indian ho pless speek in hindi 😔😔😔😔😔 i am your big big fan 🤗🤗🤗🤗🤗

[@ArnabGoswami-lp4sh]

George Soros 🤟