• The Asian Financial Crisis in 1997 - Explanation

    CUT from https://www.youtube.com/watch?v=AKXyJkfvkiQ&&

    published: 13 Nov 2015
  • What Caused 1997 Asia's Financial Crisis?

    Welcome to the Investors Trading Academy talking glossary of financial terms and events. Our word of the day is “Asian Crisis” During 1997-98, many of the East Asian tiger economies suffered a severe financial and economic crisis. This had big consequences for the global financial markets, which had become increasingly exposed to the promise that Asia had seemed to offer. The crisis destroyed wealth on a massive scale and sent absolute poverty shooting up. In the banking system alone, corporate loans equivalent to around half of one year's GDP went bad - a destruction of savings on a scale more usually associated with a full-scale war. The precise cause of the crisis remains a matter of debate. Fingers have been pointed at the currency peg adopted by some countries, and a reduction of c...

    published: 25 Nov 2015
  • Financial crisis in Thailand caused by speculative attack | Macroeconomics | Khan Academy

    How a currency crisis in Thailand led to a banking crisis in the 1990s Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/forex-trade-topic/currency-reserves/v/math-mechanics-of-thai-banking-crisis?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/macroeconomics/forex-trade-topic/currency-reserves/v/speculative-attack-on-a-currency?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Macroeconomics on Khan Academy: Topics covered in a traditional college level introductory macroeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their ow...

    published: 14 May 2012
  • Asian Financial Crisis of 1997

    published: 28 Aug 2014
  • Asian Financial crisis 1997 documentary

    For IB Economics By Caro Bev and Judith Nav.

    published: 28 Apr 2013
  • How Asia's Economic Miracle Collapsed

    Asian Values Devalued - Is Malaysia's campaign for democracy going backwards? Subscribe to Journeyman for news and science reports every weekday: http://www.youtube.com/subscription_center?add_user=journeymanpictures.html For downloads and more information visit: http://www.journeyman.tv/?lid=65112 From the skyscrapers of Hong Kong to the ransacked streets of Jakarta, the Asian Renaissance is over. From the skyscrapers of Hong Kong to the ransacked streets of Jakarta, the Asian Renaissance is over. Construction has stopped, unemployment has risen, food prices and inflation have soared. Throughout the 90's the whole region pursued unchecked economic growth and first world status. But Asia's economic miracle was built on a shaky foundation. Behind the massive expansion lurked political v...

    published: 05 Jan 2015
  • 60 Seconds: Asia Crisis 1997

    60Seconds: The 1997 Asian Financial Crisis The 1997 Asian Financial Crisis, which had its epi center in Thailand after the collapse of the Thai Baht, gripped most of East Asia and raised fears for a global economic meltdown. Stay tuned for the next episode of 60Seconds! Subscribe to ComCap Medias Youtube channel: https://www.youtube.com/channel/UCpxjp7xl8wgWvvDihcxb4Rw For the latest financial news, market updates and in-depth reports, visit our website: http://www.comcap.media Lets connect! Facebook: https://www.facebook.com/comcapmedia Twitter: https://twitter.com/ComCapMedia LinkedIn: https://www.linkedin.com/company/13218725

    published: 01 Dec 2016
  • What's Wrong With Asia's Financial Market?

    On Wednesday, April 29th, ISET hosted Mr. Donghyun Park, Asian Development Bank’s Principal Economist at Economics and Research Department. Mr. Park presented recently published ADB's Asian Development Outlook (ADO) 2015 Theme Chapter “Financing Asia’s Future Growth”. ADO is the annual flagship report of the Asian Development Bank. On the presentation Mr. Park explained the role of a sound and efficient financial system in sustaining the region’s future growth. He started with explaining the existing dichotomy in Asian countries: many Asian countries (e.g. South Korea) have world class manufacturing sectors, while financial sector is relatively underdeveloped. As Mr. Park stated, after global financial crisis the growth rate of Asian countries, as well as in the rest of the world, slowed...

    published: 30 Apr 2015
  • World Bank - East Asia and Pacific Update

    Growth in developing East Asia will decline by around one to two percentage points to around 8.5% in 2008 as a result of the unfolding financial turmoil in the US and the resulting global slowdown, says the World Bank's latest six-monthly review of the East Asia and Pacific region's economies. But despite the likely drop from recent double-digit levels, overall growth remains healthy across the region and most countries are well positioned to navigate the global slowdown because of the investments they've made in the last 10 years in structural reforms and putting sound macroeconomic policies in place, the report says. In fact, according to the latest East Asia & Pacific Update, East Asia and especially China have increasingly become a "growth pole" in the world economy -- acting as a ...

    published: 11 Apr 2008
  • Inside Story - Financial crisis and Asia - 22 Sep 08 - Pt 1

    A special inside Story show from Kuala Lumpur where we examine how the financial turmoil on Wall Street has affected Asian markets and economies.

    published: 23 Sep 2008
  • IFC Builds Financial Capability of Low-income Households in East Asia & Pacific

    Karin Finkelston, IFC Vice President for Asia Pacific, talks about the importance of financial education for low-income households and micro, small, and medium enterprises. Finkelston gives examples of IFC's works in bridging the gap between financial institutions and people at the base of the pyramid. For more information on IFC's work in East Asia visit www.ifc.org/EastAsia

    published: 07 Dec 2011
  • East Asia - Net Financial Flows, Ida - Time Lapse

    Based on the data freely available at data.worldbank.org

    published: 05 Jan 2017
  • Public Finance for Children in East Asia and Pacific

    published: 07 Aug 2013
  • East Asia 2011 - Financial Fault Lines: Averting Aftershocks in Asia

    http://www.weforum.org/ 12.06.2011 Given high-velocity growth and the rise of financial hubs in Asia, how will the region develop resilience to future financial shocks? The following dimensions are addressed: - Risks associated with asset bubbles - Prudent macroeconomic and fiscal policies - Corporate governance - Economic consequences of disasters Panel includes: • Michael Buchanan, Chief Economist, Asia-Pacific, Goldman Sachs (Singapore), SingaporeStuart T. Gulliver, Group Chief Executive, HSBC Holdings, United Kingdom; Co-Chair of the World Economic Forum on East Asia • Muliaman Hadad, Deputy Governor, Bank of Indonesia, IndonesiaOmar Lodhi, Chief Executive Officer, Abraaj Capital Asia, SingaporeAgus D. W. Martowardojo, Minister of Finance of Indonesia • Geoff Riddell, Membe...

    published: 12 Jun 2011
  • South East Asian Currency Crisis

    The video is a journey back to 1997 South East Asian Crisis and what caused it.

    published: 04 Nov 2008
  • Shell Distinguished Lecture Series: The Origin of the Meltdown in East Asia

    Oct. 23, 1998 Lee Kuan Yew, Senior Minister for the Republic of Singapore, discusses the origin of the current economic crisis in Asia.

    published: 21 May 2014
  • USA: I-M-F NOT RESPONSIBLE FOR ASIA'S 1997 FINANCIAL CRISIS

    English/Nat U-S Treasury Secretary Lawrence Summers says he doesn't hold the I-M-F responsible for the financial crisis which swept south east Asia two years ago worse. But he did admit the organisation had made mistakes. Summers, who has just returned from a tour of the region also says he's optimistic about south east Asia's economic prospects. It's a debate that still continues, did the international community make the right choices in responding to the Asian financial crisis? The International Monetary Fund (I-M-F) has acknowledged that it made some mistakes in its rescues of Thailand, South Korea and Indonesia in 1997 and 1998, most notably in underestimating the severity of those countries' recessions. But the I-M-F has largely dismissed criticism that it made the ...

    published: 21 Jul 2015
  • East Asia 2009 - Towards New Drivers of Growth

    http://www.weforum.org/ 19.06.2009 Asian economies have suffered severe shocks from the global economic downturn, yet are better placed than most for recovery thanks to lessons learned from the Asian financial crisis, significant stimulus packages and the potential to mobilize regional consumption. Who will lead the recovery in Asia, and which sectors are demonstrating the most promising growth prospects? Dominic Barton Max Burger-Calderon, Senior Partner and Chairman, Asia, Apax Partners, Hong Kong SAR Hoang Trung Hai, Deputy Prime Minister of Vietnam Michael ByungJu Kim, Founding Partner, MBK Partners, Republic of Korea Kim Jeong, President, Bell Labs, Executive Vice-President, Alcatel-Lucent, Alcatel-Lucent Bell Laboratories, USA Chaired by Phil Smith, Editor, North Asia, Thomson Reut...

    published: 07 Jul 2009
  • Economic Crises and East Asian Regionalism

    Prof. Kitti Prasirtsuk is a renowned expert on ASEAN and especially the Association's relations towards Japan. On Saturday the 9th of May he conducted a workshop with the AG Politik-Wirtschaft-Kultur Asiens at Ludwig-Maximilians University Munich. In this interview he elaborates on reasons and prospects of East Asian Regionalism.

    published: 19 May 2009
  • Asian Financial Crisis in the nutshell

    published: 27 Feb 2013
  • Why the Asian Financial Crisis Happened: Diagnosis, Remedies & Prospects (1998)

    The causes of the debacle are many and disputed. Thailand's economy developed into an economic bubble fueled by hot money. More and more was required as the size of the bubble grew. The same type of situation happened in Malaysia, and Indonesia, which had the added complication of what was called "crony capitalism".[7] The short-term capital flow was expensive and often highly conditioned for quick profit. Development money went in a largely uncontrolled manner to certain people only, not particularly the best suited or most efficient, but those closest to the centers of power.[8] At the time of the mid-1990s, Thailand, Indonesia and South Korea had large private current account deficits and the maintenance of fixed exchange rates encouraged external borrowing and led to excessive exposur...

    published: 13 Dec 2014
  • South East Asia: Democracy, Development, and Economic Crisis

    The Asian Financial Crisis in July 1997 had significant economic, political, and social effects on Southeast Asia. Millions of people fell below the poverty line and democracy in the region was greatly strained. Since then, Southeast Asia has experienced both advances and setbacks in their efforts to reform economically, politically, and socially. Professors Richard Carney and Terence Gomez will examine how the countries of this region have rebounded, or tried to rebound, from the crisis.

    published: 03 Mar 2015
  • Singapore 1957 Steps to Financial Hub of South East Asia

    The Housing and Development Board (HDB), the national housing authority, was formed in February 1960, taking over housing responsibilities from its predecessor, the Singapore Improvement Trust (SIT). HDB embarked on a massive programme to house the many people living in squatter settlements. Now, more than 80 per cent of Singapore’s population live in HDB flats. Singapore's first estate, Queenstown, was initiated by SIT in the 1950s but was fully developed by HDB. The second town, Toa Payoh, was the first to be planned and designed by HDB. There are now 23 towns across Singapore. David Marshall, leader of the Labour Front, became the first Chief Minister of Singapore. He presided over a shaky government, receiving little cooperation from either the colonial government or the other local pa...

    published: 27 May 2017
  • Philippines 2014 - East Asia Economic Outlook

    http://www.weforum.org/ East Asia has served as the world's main growth engine since the global financial crisis. Despite that, in today's tightening financial conditions globally, how robust is East Asia's growth trajectory? This session was developed in partnership with CNBC. Muhamad Chatib Basri, Minister of Finance of Indonesia Victor L. L. Chu, Chairman and Chief Executive Officer, First Eastern Investment Group, Hong Kong SAR; World Economic Forum Foundation Board Member; Global Agenda Council on Japan Anthony F. Fernandes, Group Chief Executive Officer, AirAsia, Malaysia; Young Global Leader Alumnus Lee Il-Houng, Ambassador for International Cooperation and G20 Sherpa, Republic of Korea Cesar V. Purisima, Secretary of Finance of the Philippines Moderated by Martin Soong, Anchor...

    published: 04 Jun 2014
  • East Asia 2011 Financial Fault Lines Averting Aftershocks in Asia

    published: 07 Feb 2017
  • East Asia - Net Financial Flows, Multilateral - Time Lapse

    Based on the data freely available at data.worldbank.org

    published: 07 Jan 2017
  • South East Asia - Net Financial Flows, Imf Concessional - Time Lapse

    Based on the data freely available at data.worldbank.org

    published: 05 Jan 2017
  • South East Asia - Net Financial Flows, Others - Time Lapse

    Based on the data freely available at data.worldbank.org

    published: 07 Jan 2017
  • South East Asia - Net Financial Flows, Ida - Time Lapse

    Based on the data freely available at data.worldbank.org

    published: 05 Jan 2017
developed with YouTube
The Asian Financial Crisis in 1997 - Explanation

The Asian Financial Crisis in 1997 - Explanation

  • Order:
  • Duration: 5:27
  • Updated: 13 Nov 2015
  • views: 24837
videos
CUT from https://www.youtube.com/watch?v=AKXyJkfvkiQ&&
https://wn.com/The_Asian_Financial_Crisis_In_1997_Explanation
What Caused 1997 Asia's Financial Crisis?

What Caused 1997 Asia's Financial Crisis?

  • Order:
  • Duration: 1:27
  • Updated: 25 Nov 2015
  • views: 6315
videos
Welcome to the Investors Trading Academy talking glossary of financial terms and events. Our word of the day is “Asian Crisis” During 1997-98, many of the East Asian tiger economies suffered a severe financial and economic crisis. This had big consequences for the global financial markets, which had become increasingly exposed to the promise that Asia had seemed to offer. The crisis destroyed wealth on a massive scale and sent absolute poverty shooting up. In the banking system alone, corporate loans equivalent to around half of one year's GDP went bad - a destruction of savings on a scale more usually associated with a full-scale war. The precise cause of the crisis remains a matter of debate. Fingers have been pointed at the currency peg adopted by some countries, and a reduction of capital controls in the years before the crisis. Some blamed economic contagion. The crisis brought an end to a then widespread belief that there was a distinct "Asian way" of capitalism that might prove just as successful as capitalism in America or Europe. Instead, critics turned their fire on Asian cronyism, ill-disciplined banking and lack of transparency. In the years following the crisis, most of the countries involved have introduced reforms designed to increase transparency and improve the health of the banking system, although some such as South Korea went much further than others like Indonesia. By Barry Norman, Investors Trading Academy - ITA
https://wn.com/What_Caused_1997_Asia's_Financial_Crisis
Financial crisis in Thailand caused by speculative attack | Macroeconomics | Khan Academy

Financial crisis in Thailand caused by speculative attack | Macroeconomics | Khan Academy

  • Order:
  • Duration: 6:33
  • Updated: 14 May 2012
  • views: 100030
videos
How a currency crisis in Thailand led to a banking crisis in the 1990s Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/forex-trade-topic/currency-reserves/v/math-mechanics-of-thai-banking-crisis?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/macroeconomics/forex-trade-topic/currency-reserves/v/speculative-attack-on-a-currency?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Macroeconomics on Khan Academy: Topics covered in a traditional college level introductory macroeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Macroeconomics channel: https://www.youtube.com/channel/UCBytY7pnP0GAHB3C8vDeXvg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
https://wn.com/Financial_Crisis_In_Thailand_Caused_By_Speculative_Attack_|_Macroeconomics_|_Khan_Academy
Asian Financial Crisis of 1997

Asian Financial Crisis of 1997

  • Order:
  • Duration: 7:39
  • Updated: 28 Aug 2014
  • views: 15401
videos
https://wn.com/Asian_Financial_Crisis_Of_1997
Asian Financial crisis 1997 documentary

Asian Financial crisis 1997 documentary

  • Order:
  • Duration: 6:33
  • Updated: 28 Apr 2013
  • views: 57894
videos
For IB Economics By Caro Bev and Judith Nav.
https://wn.com/Asian_Financial_Crisis_1997_Documentary
How Asia's Economic Miracle Collapsed

How Asia's Economic Miracle Collapsed

  • Order:
  • Duration: 38:20
  • Updated: 05 Jan 2015
  • views: 19734
videos
Asian Values Devalued - Is Malaysia's campaign for democracy going backwards? Subscribe to Journeyman for news and science reports every weekday: http://www.youtube.com/subscription_center?add_user=journeymanpictures.html For downloads and more information visit: http://www.journeyman.tv/?lid=65112 From the skyscrapers of Hong Kong to the ransacked streets of Jakarta, the Asian Renaissance is over. From the skyscrapers of Hong Kong to the ransacked streets of Jakarta, the Asian Renaissance is over. Construction has stopped, unemployment has risen, food prices and inflation have soared. Throughout the 90's the whole region pursued unchecked economic growth and first world status. But Asia's economic miracle was built on a shaky foundation. Behind the massive expansion lurked political values from the Middle Ages. The World Bank President sums the boom up: 'it had over-lending, corruption, cronyism, banks lending to its shareholders. Now, there's a comeuppance.' Indonesia's financial ruin was the catalyst for its social collapse. Suharto stands accused of plundering the nation's wealth, crushing those who protested. He ignored the extent of his country's economic crisis, and continued to reward his children and swarms of sycophants with unjust riches. But recent weeks saw Indonesians send their ruler a powerful message: the old values don't count. Almost like lightening, the world's second longest dictator stood down. Is Prime Minister Mahatir of neighbouring Malaysia making the same mistakes as Suharto? The economic crisis has ruffled Mahatir's feathers too. In power for 16 years, he is also known for corruption, cronyism and nepotism. Before the crash Suharto's family wealth was put at US$6 billion. Mahatir's three sons are directors of at least 200 companies. Both leaders made no secret of their 'crony capitalism': the best deals went to the government's best friends. Mahatir calls that 'the duty of government'. Both countries have put development above all other concerns. Indonesia's frenetic logging of the Borneo rainforest caused the terrible forest fires that raged there. Mahatir was furious when forced to abandon his scheme to flood ancient Sarawak rainforest by building the Bakun damn. The crisis in Indonesia made ethnic Chinese the target of resentful attacks. In Malaysia, the nervous Chinese have been scapegoats before. Malaysia's Deputy Prime Minister Anwar Ibrahim is tipped for the top. In the spirit of the changing Asian values he concedes 'We've got to be more democratic. The younger generation would like to see greater transparency, and tolerance'. Indonesia's new President Habibie is now releasing political prisoners and promising an end to corruption. But as a child of the old system, it remains to be seen whether he is really the right man for the job. The excesses of the ruling Indonesian elite devalued as fast as the rupiah. Other countries in the region are still suffering the same economic turmoil, but have not yet seen such momentous political change. 'My pay's been cut, my tears now fill my car... I took years to buy it and it's being repossessed!' croons a Thai pop-star. Across the region the poor are getting poorer. The Tiger economies were forged with the sweat of cheap labour. As work dries up and food runs out, will the people's anger erupt elsewhere? In these most turbulent times, we ask whether Indonesia's powerful winds of change are set to blow across the whole of Asia. ABC Australia: Ref 424 Journeyman Pictures is your independent source for the world's most powerful films, exploring the burning issues of today. We represent stories from the world's top producers, with brand new content coming in all the time. On our channel you'll find outstanding and controversial journalism covering any global subject you can imagine wanting to know about.
https://wn.com/How_Asia's_Economic_Miracle_Collapsed
60 Seconds: Asia Crisis 1997

60 Seconds: Asia Crisis 1997

  • Order:
  • Duration: 1:01
  • Updated: 01 Dec 2016
  • views: 2125
videos
60Seconds: The 1997 Asian Financial Crisis The 1997 Asian Financial Crisis, which had its epi center in Thailand after the collapse of the Thai Baht, gripped most of East Asia and raised fears for a global economic meltdown. Stay tuned for the next episode of 60Seconds! Subscribe to ComCap Medias Youtube channel: https://www.youtube.com/channel/UCpxjp7xl8wgWvvDihcxb4Rw For the latest financial news, market updates and in-depth reports, visit our website: http://www.comcap.media Lets connect! Facebook: https://www.facebook.com/comcapmedia Twitter: https://twitter.com/ComCapMedia LinkedIn: https://www.linkedin.com/company/13218725
https://wn.com/60_Seconds_Asia_Crisis_1997
What's Wrong With Asia's Financial Market?

What's Wrong With Asia's Financial Market?

  • Order:
  • Duration: 1:10:18
  • Updated: 30 Apr 2015
  • views: 131
videos
On Wednesday, April 29th, ISET hosted Mr. Donghyun Park, Asian Development Bank’s Principal Economist at Economics and Research Department. Mr. Park presented recently published ADB's Asian Development Outlook (ADO) 2015 Theme Chapter “Financing Asia’s Future Growth”. ADO is the annual flagship report of the Asian Development Bank. On the presentation Mr. Park explained the role of a sound and efficient financial system in sustaining the region’s future growth. He started with explaining the existing dichotomy in Asian countries: many Asian countries (e.g. South Korea) have world class manufacturing sectors, while financial sector is relatively underdeveloped. As Mr. Park stated, after global financial crisis the growth rate of Asian countries, as well as in the rest of the world, slowed down, thus developing financial system became crucial for many countries. Mr. Park presented a research that confirms that financial development does boost economic growth. In the second part of the presentation, Ms. Kathie Julian, ADB country director in Georgia, provided some information about the mission and project of ADB in Georgia. Ms. Julian mentioned issuance of Lari denominated bond, issued by ADB this February to provide long-term capital to the economy and support improvement of domestic bond market. The presentation was followed by a Q&A session. ISET would like to thank Mr. Park for giving a very informative and interesting presentation to the ISET community.
https://wn.com/What's_Wrong_With_Asia's_Financial_Market
World Bank - East Asia and Pacific Update

World Bank - East Asia and Pacific Update

  • Order:
  • Duration: 1:53
  • Updated: 11 Apr 2008
  • views: 521
videos
Growth in developing East Asia will decline by around one to two percentage points to around 8.5% in 2008 as a result of the unfolding financial turmoil in the US and the resulting global slowdown, says the World Bank's latest six-monthly review of the East Asia and Pacific region's economies. But despite the likely drop from recent double-digit levels, overall growth remains healthy across the region and most countries are well positioned to navigate the global slowdown because of the investments they've made in the last 10 years in structural reforms and putting sound macroeconomic policies in place, the report says. In fact, according to the latest East Asia & Pacific Update, East Asia and especially China have increasingly become a "growth pole" in the world economy -- acting as a counterweight to the slowing industrial economies.
https://wn.com/World_Bank_East_Asia_And_Pacific_Update
Inside Story - Financial crisis and Asia - 22 Sep 08 - Pt 1

Inside Story - Financial crisis and Asia - 22 Sep 08 - Pt 1

  • Order:
  • Duration: 11:46
  • Updated: 23 Sep 2008
  • views: 22806
videos
A special inside Story show from Kuala Lumpur where we examine how the financial turmoil on Wall Street has affected Asian markets and economies.
https://wn.com/Inside_Story_Financial_Crisis_And_Asia_22_Sep_08_Pt_1
IFC Builds Financial Capability of Low-income Households in East Asia & Pacific

IFC Builds Financial Capability of Low-income Households in East Asia & Pacific

  • Order:
  • Duration: 4:16
  • Updated: 07 Dec 2011
  • views: 276
videos
Karin Finkelston, IFC Vice President for Asia Pacific, talks about the importance of financial education for low-income households and micro, small, and medium enterprises. Finkelston gives examples of IFC's works in bridging the gap between financial institutions and people at the base of the pyramid. For more information on IFC's work in East Asia visit www.ifc.org/EastAsia
https://wn.com/Ifc_Builds_Financial_Capability_Of_Low_Income_Households_In_East_Asia_Pacific
East Asia - Net Financial Flows, Ida - Time Lapse

East Asia - Net Financial Flows, Ida - Time Lapse

  • Order:
  • Duration: 1:02
  • Updated: 05 Jan 2017
  • views: 0
videos
Based on the data freely available at data.worldbank.org
https://wn.com/East_Asia_Net_Financial_Flows,_Ida_Time_Lapse
Public Finance for Children in East Asia and Pacific

Public Finance for Children in East Asia and Pacific

  • Order:
  • Duration: 2:26
  • Updated: 07 Aug 2013
  • views: 228
videos
https://wn.com/Public_Finance_For_Children_In_East_Asia_And_Pacific
East Asia 2011 - Financial Fault Lines: Averting Aftershocks in Asia

East Asia 2011 - Financial Fault Lines: Averting Aftershocks in Asia

  • Order:
  • Duration: 1:16:22
  • Updated: 12 Jun 2011
  • views: 2871
videos
http://www.weforum.org/ 12.06.2011 Given high-velocity growth and the rise of financial hubs in Asia, how will the region develop resilience to future financial shocks? The following dimensions are addressed: - Risks associated with asset bubbles - Prudent macroeconomic and fiscal policies - Corporate governance - Economic consequences of disasters Panel includes: • Michael Buchanan, Chief Economist, Asia-Pacific, Goldman Sachs (Singapore), SingaporeStuart T. Gulliver, Group Chief Executive, HSBC Holdings, United Kingdom; Co-Chair of the World Economic Forum on East Asia • Muliaman Hadad, Deputy Governor, Bank of Indonesia, IndonesiaOmar Lodhi, Chief Executive Officer, Abraaj Capital Asia, SingaporeAgus D. W. Martowardojo, Minister of Finance of Indonesia • Geoff Riddell, Member of the Group Executive Committee and Regional Chairman, Asia-Pacific, Middle East and Africa, Zurich Financial Services, Hong Kong SAR; Insurance & Asset Management Industry Agenda Council Chaired by Rishaad Salamat, TV Anchor/Reporter, Bloomberg, Hong Kong SAR
https://wn.com/East_Asia_2011_Financial_Fault_Lines_Averting_Aftershocks_In_Asia
South East Asian Currency Crisis

South East Asian Currency Crisis

  • Order:
  • Duration: 2:24
  • Updated: 04 Nov 2008
  • views: 25469
videos
The video is a journey back to 1997 South East Asian Crisis and what caused it.
https://wn.com/South_East_Asian_Currency_Crisis
Shell Distinguished Lecture Series: The Origin of the Meltdown in East Asia

Shell Distinguished Lecture Series: The Origin of the Meltdown in East Asia

  • Order:
  • Duration: 57:04
  • Updated: 21 May 2014
  • views: 64560
videos
Oct. 23, 1998 Lee Kuan Yew, Senior Minister for the Republic of Singapore, discusses the origin of the current economic crisis in Asia.
https://wn.com/Shell_Distinguished_Lecture_Series_The_Origin_Of_The_Meltdown_In_East_Asia
USA: I-M-F NOT RESPONSIBLE FOR ASIA'S 1997 FINANCIAL CRISIS

USA: I-M-F NOT RESPONSIBLE FOR ASIA'S 1997 FINANCIAL CRISIS

  • Order:
  • Duration: 1:36
  • Updated: 21 Jul 2015
  • views: 198
videos
English/Nat U-S Treasury Secretary Lawrence Summers says he doesn't hold the I-M-F responsible for the financial crisis which swept south east Asia two years ago worse. But he did admit the organisation had made mistakes. Summers, who has just returned from a tour of the region also says he's optimistic about south east Asia's economic prospects. It's a debate that still continues, did the international community make the right choices in responding to the Asian financial crisis? The International Monetary Fund (I-M-F) has acknowledged that it made some mistakes in its rescues of Thailand, South Korea and Indonesia in 1997 and 1998, most notably in underestimating the severity of those countries' recessions. But the I-M-F has largely dismissed criticism that it made the crisis worse by insisting the countries' governments adopt painful economic policies such as high interest rates. That criticism was aired again today at a hearing on the lessons learned when the international community jumped in to rescue Asian economies. The U-S Treasury Secretary, who has just returned from the region, says the I-M-F did need to improve its performance. SOUNDBITE: (English) "We have made progress in the effort to develop a 21st century IMF. But we have no doubt that further change is needed. We said many times last year that a well-funded IMF was indispensable to a stable global financial system. But as we also said at that time - that does not mean we can be satisfied with the IMF as it is." SUPER CAPTION: Lawrence Summers, U.S. Treasury Secretary But Summers said he did not believe the I-M-F had made the problems of the Asian economies worse. SOUNDBITE: (English) "By far the greatest responsibility for causing, and responding effectively, to crises lies with countries themselves. The fact that most countries with IMF programmes in place have severe economic problems does not imply that the IMF is responsible for those problems - any more than the fact that most people in a hospital are severely ill would be evidence of medical malpractice." SUPER CAPTION: Lawrence Summers, U.S. Treasury Secretary And he was optimistic about economic trends in the region. SOUNDBITE: (English) "I think it would be fair to say if you look at Asian economies as a group, their situation today is substantially better than the vast majority of observers expected a year ago." SUPER CAPTION: Lawrence Summers, U.S. Treasury Secretary In the past, Summers' predecessor, Robert Rubin has said the Asian crisis illustrated the risks and opportunities of a global economy. It seems Summers agrees. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/ade44aa736d3c2422effc5f2300261ec Find out more about AP Archive: http://www.aparchive.com/HowWeWork
https://wn.com/USA_I_M_F_Not_Responsible_For_Asia'S_1997_Financial_Crisis
East Asia 2009 - Towards New Drivers of Growth

East Asia 2009 - Towards New Drivers of Growth

  • Order:
  • Duration: 1:15:18
  • Updated: 07 Jul 2009
  • views: 3397
videos
http://www.weforum.org/ 19.06.2009 Asian economies have suffered severe shocks from the global economic downturn, yet are better placed than most for recovery thanks to lessons learned from the Asian financial crisis, significant stimulus packages and the potential to mobilize regional consumption. Who will lead the recovery in Asia, and which sectors are demonstrating the most promising growth prospects? Dominic Barton Max Burger-Calderon, Senior Partner and Chairman, Asia, Apax Partners, Hong Kong SAR Hoang Trung Hai, Deputy Prime Minister of Vietnam Michael ByungJu Kim, Founding Partner, MBK Partners, Republic of Korea Kim Jeong, President, Bell Labs, Executive Vice-President, Alcatel-Lucent, Alcatel-Lucent Bell Laboratories, USA Chaired by Phil Smith, Editor, North Asia, Thomson Reuters, People's Republic of China
https://wn.com/East_Asia_2009_Towards_New_Drivers_Of_Growth
Economic Crises and East Asian Regionalism

Economic Crises and East Asian Regionalism

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  • Duration: 0:57
  • Updated: 19 May 2009
  • views: 545
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Prof. Kitti Prasirtsuk is a renowned expert on ASEAN and especially the Association's relations towards Japan. On Saturday the 9th of May he conducted a workshop with the AG Politik-Wirtschaft-Kultur Asiens at Ludwig-Maximilians University Munich. In this interview he elaborates on reasons and prospects of East Asian Regionalism.
https://wn.com/Economic_Crises_And_East_Asian_Regionalism
Asian Financial Crisis in the nutshell

Asian Financial Crisis in the nutshell

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  • Duration: 8:30
  • Updated: 27 Feb 2013
  • views: 32881
videos
https://wn.com/Asian_Financial_Crisis_In_The_Nutshell
Why the Asian Financial Crisis Happened: Diagnosis, Remedies & Prospects (1998)

Why the Asian Financial Crisis Happened: Diagnosis, Remedies & Prospects (1998)

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  • Duration: 2:41:13
  • Updated: 13 Dec 2014
  • views: 8202
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The causes of the debacle are many and disputed. Thailand's economy developed into an economic bubble fueled by hot money. More and more was required as the size of the bubble grew. The same type of situation happened in Malaysia, and Indonesia, which had the added complication of what was called "crony capitalism".[7] The short-term capital flow was expensive and often highly conditioned for quick profit. Development money went in a largely uncontrolled manner to certain people only, not particularly the best suited or most efficient, but those closest to the centers of power.[8] At the time of the mid-1990s, Thailand, Indonesia and South Korea had large private current account deficits and the maintenance of fixed exchange rates encouraged external borrowing and led to excessive exposure to foreign exchange risk in both the financial and corporate sectors. In the mid-1990s, a series of external shocks began to change the economic environment – the devaluation of the Chinese renminbi, and the Japanese yen due to the Plaza Accord of 1985, raising of US interest rates which led to a strong U.S. dollar, the sharp decline in semiconductor prices; adversely affected their growth.[9] As the U.S. economy recovered from a recession in the early 1990s, the U.S. Federal Reserve Bank under Alan Greenspan began to raise U.S. interest rates to head off inflation. This made the U.S. a more attractive investment destination relative to Southeast Asia, which had been attracting hot money flows through high short-term interest rates, and raised the value of the U.S. dollar. For the Southeast Asian nations which had currencies pegged to the U.S. dollar, the higher U.S. dollar caused their own exports to become more expensive and less competitive in the global markets. At the same time, Southeast Asia's export growth slowed dramatically in the spring of 1996, deteriorating their current account position. Some economists have advanced the growing exports of China as a contributing factor to ASEAN nations' export growth slowdown, though these economists maintain the main cause of the crises was excessive real estate speculation.[10] China had begun to compete effectively with other Asian exporters particularly in the 1990s after the implementation of a number of export-oriented reforms. Other economists dispute China's impact, noting that both ASEAN and China experienced simultaneous rapid export growth in the early 1990s.[11] Many economists believe that the Asian crisis was created not by market psychology or technology, but by policies that distorted incentives within the lender–borrower relationship. The resulting large quantities of credit that became available generated a highly leveraged economic climate, and pushed up asset prices to an unsustainable level.[12] These asset prices eventually began to collapse, causing individuals and companies to default on debt obligations. Other economists, including Joseph Stiglitz and Jeffrey Sachs, have downplayed the role of the real economy in the crisis compared to the financial markets. The rapidity with which the crisis happened has prompted Sachs and others to compare it to a classic bank run prompted by a sudden risk shock. Sachs pointed to strict monetary and contractory fiscal policies implemented by the governments on the advice of the IMF in the wake of the crisis, while Frederic Mishkin points to the role of asymmetric information in the financial markets that led to a "herd mentality" among investors that magnified a small risk in the real economy. The crisis has thus attracted interest from behavioral economists interested in market psychology.[13] Another possible cause of the sudden risk shock may also be attributable to the handover of Hong Kong sovereignty on 1 July 1997. During the 1990s, hot money flew into the Southeast Asia region through financial hubs, especially Hong Kong. The investors were often ignorant of the actual fundamentals or risk profiles of the respective economies, and once the crisis gripped the region, coupled with the political uncertainty regarding the future of Hong Kong as an Asian financial centre led some investors to withdraw from Asia altogether. This shrink in investments only worsened the financial conditions in Asia[14] (subsequently leading to the depreciation of the Thai baht on 2 July 1997).[15] Several case studies on the topic – Application of network analysis of a financial system; explains the interconnectivity of financial markets, and the significance of the robustness of hubs or the main nodes. Any negative externalities in the hubs creates a ripple effect through the financial system and the economy (and, the connected economies) as a whole. http://en.wikipedia.org/wiki/1997_Asian_financial_crisis
https://wn.com/Why_The_Asian_Financial_Crisis_Happened_Diagnosis,_Remedies_Prospects_(1998)
South East Asia: Democracy, Development, and Economic Crisis

South East Asia: Democracy, Development, and Economic Crisis

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  • Duration: 1:26:14
  • Updated: 03 Mar 2015
  • views: 260
videos
The Asian Financial Crisis in July 1997 had significant economic, political, and social effects on Southeast Asia. Millions of people fell below the poverty line and democracy in the region was greatly strained. Since then, Southeast Asia has experienced both advances and setbacks in their efforts to reform economically, politically, and socially. Professors Richard Carney and Terence Gomez will examine how the countries of this region have rebounded, or tried to rebound, from the crisis.
https://wn.com/South_East_Asia_Democracy,_Development,_And_Economic_Crisis
Singapore 1957 Steps to Financial Hub of South East Asia

Singapore 1957 Steps to Financial Hub of South East Asia

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  • Duration: 3:49
  • Updated: 27 May 2017
  • views: 63
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The Housing and Development Board (HDB), the national housing authority, was formed in February 1960, taking over housing responsibilities from its predecessor, the Singapore Improvement Trust (SIT). HDB embarked on a massive programme to house the many people living in squatter settlements. Now, more than 80 per cent of Singapore’s population live in HDB flats. Singapore's first estate, Queenstown, was initiated by SIT in the 1950s but was fully developed by HDB. The second town, Toa Payoh, was the first to be planned and designed by HDB. There are now 23 towns across Singapore. David Marshall, leader of the Labour Front, became the first Chief Minister of Singapore. He presided over a shaky government, receiving little cooperation from either the colonial government or the other local parties. Social unrest was on the rise, and in May 1955, the Hock Lee bus riots broke out, killing four people and seriously discrediting Marshall's government. In 1956, the Chinese middle school riots broke out among students in The Chinese High School and other schools, further increasing the tension between the local government and the Chinese students and unionists who were regarded of having communist sympathies. In April 1956, Marshall led a delegation to London to negotiate for complete self-rule in the Merdeka Talks, but the talks failed when the British were reluctant to give up control over Singapore's internal security. The British were concerned about communist influence and labour strikes which were undermining Singapore's economic stability, and felt that the local government was ineffective in handling earlier riots. Marshall resigned following the failure of the talk. The new Chief MinisterLim Yew Hock, launched a crackdown on communist and leftist groups, imprisoning many trade union leaders and several pro-communist members of the PAP under the Internal Security Act. The British government approved of Lim's tough stance against communist agitators, and when a new round of talks was held beginning in March 1957, they agreed to grant complete internal self-government. A State of Singapore would be created, with its own citizenship. The Legislative Assembly would be expanded to fifty-one members, entirely chosen by popular election, and the Prime Minister and cabinet would control all aspects of government except defense and foreign affairs. The governorship was replaced by a Yang di-Pertuan Negara or head of state. In August 1958, the State of Singapore Act was passed in the United Kingdom Parliament providing for the establishment of the State of Singapore. This material been used for Educational purpose only. Singapore Steps to Financial Hub of South East Asia © 1957
https://wn.com/Singapore_1957_Steps_To_Financial_Hub_Of_South_East_Asia
Philippines 2014 - East Asia Economic Outlook

Philippines 2014 - East Asia Economic Outlook

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  • Duration: 1:00:17
  • Updated: 04 Jun 2014
  • views: 5258
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http://www.weforum.org/ East Asia has served as the world's main growth engine since the global financial crisis. Despite that, in today's tightening financial conditions globally, how robust is East Asia's growth trajectory? This session was developed in partnership with CNBC. Muhamad Chatib Basri, Minister of Finance of Indonesia Victor L. L. Chu, Chairman and Chief Executive Officer, First Eastern Investment Group, Hong Kong SAR; World Economic Forum Foundation Board Member; Global Agenda Council on Japan Anthony F. Fernandes, Group Chief Executive Officer, AirAsia, Malaysia; Young Global Leader Alumnus Lee Il-Houng, Ambassador for International Cooperation and G20 Sherpa, Republic of Korea Cesar V. Purisima, Secretary of Finance of the Philippines Moderated by Martin Soong, Anchor, CNBC, Singapore
https://wn.com/Philippines_2014_East_Asia_Economic_Outlook
East Asia 2011   Financial Fault Lines  Averting Aftershocks in Asia

East Asia 2011 Financial Fault Lines Averting Aftershocks in Asia

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  • Duration: 1:16:23
  • Updated: 07 Feb 2017
  • views: 1
videos
https://wn.com/East_Asia_2011_Financial_Fault_Lines_Averting_Aftershocks_In_Asia
East Asia - Net Financial Flows, Multilateral - Time Lapse

East Asia - Net Financial Flows, Multilateral - Time Lapse

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  • Duration: 1:02
  • Updated: 07 Jan 2017
  • views: 0
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Based on the data freely available at data.worldbank.org
https://wn.com/East_Asia_Net_Financial_Flows,_Multilateral_Time_Lapse
South East Asia - Net Financial Flows, Imf Concessional - Time Lapse

South East Asia - Net Financial Flows, Imf Concessional - Time Lapse

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  • Duration: 1:02
  • Updated: 05 Jan 2017
  • views: 2
videos
Based on the data freely available at data.worldbank.org
https://wn.com/South_East_Asia_Net_Financial_Flows,_Imf_Concessional_Time_Lapse
South East Asia - Net Financial Flows, Others - Time Lapse

South East Asia - Net Financial Flows, Others - Time Lapse

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  • Duration: 1:03
  • Updated: 07 Jan 2017
  • views: 1
videos
Based on the data freely available at data.worldbank.org
https://wn.com/South_East_Asia_Net_Financial_Flows,_Others_Time_Lapse
South East Asia - Net Financial Flows, Ida - Time Lapse

South East Asia - Net Financial Flows, Ida - Time Lapse

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  • Duration: 1:02
  • Updated: 05 Jan 2017
  • views: 10
videos
Based on the data freely available at data.worldbank.org
https://wn.com/South_East_Asia_Net_Financial_Flows,_Ida_Time_Lapse