The Asian financial crisis of 1997-98 shook the foundations of the global economy. What began as a localised currency … fundamental ways did the Asian crisis serve as a catalyst to the current thinking about the 'new international financial … crisis soon engulfed the entire Asian region. What went wrong and how did the Asian economies, long considered 'miracles …

We analyse the volatility structure of Asian currencies against the U.S. dollar (USD) for the Thai Baht THB, the … volatility dynamics have changed in a K-state switching AR(1)-GARCH(1,1) model in the last decade 1995-2008 covering the Asian … dynamics has changed at least once. -- Markov switching GARCH models ; Asian currency crisis 1997 ; volatility breaks …

answer this by examining both the trade and financial channels of crisis transmission. The impact on developing Asia will … fall primarily on trade but there are also significant effects on the region's financial systems, especially its banking …