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Asian contagion of late 90s
Asian contagion of late 90s
Problem: The collapse of the Thai baht in 1997 sparked a crisis that spread across East Asia. The International Monetary Fund stepped in to help, but its draconian terms brought widespread criticism.

Outcome: A still-unresolved debate abouthow currency crises should be managed.

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Last updated October 14 2008: 10:02 AM ET
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