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Question 19 1 Point A financial crisis that affected several Asian countries in the late 1990s began when the value of the Thai baht fell
Question 19 1 Point A financial crisis that affected several Asian countries in the late 1990s began when the value of the Thai baht fell significantly after it was floated. Which of the following factors were later identified as being common to the countries affected by this crisis? A excessive bank credit encouraged over-investment in assets such as office buildings (B) reliance on external borrowing that was not hedged against foreign exchange risk significant capital outflows when the confidence of external investors fell D all of the answers provided
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