III. The IMF in 1998/99
Author: International Monetary Fund
Language:
English
Keywords:
AR; AREA; wolf-dieter Donecker; votes of the Islamic State; votes of the Democratic Republic of the Congo; IMF surveillance; total vote; Currencies; Personal income; Emerging and frontier financial markets; Global; Asia and Pacific; Africa; East Asia; Europe

Abstract

The financial crisis in Asia, which began with increasing market pressure on the Thai baht in the first half of 1997, continued to unfold during 1998/99, with the persistence of market turmoil and the depth of the recessions in the affected Asian countries exceeding initial expectations. Political instability, policy reversals, and related social and economic disturbances in Indonesia in May 1998 hindered progress there. At the same time, the further weakening of the Japanese economy had a large negative impact on demand in the region and on international financial market sentiment.

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Cover International Monetary Fund Annual Report 1999
International Monetary Fund Annual Report 1999
Author: International Monetary Fund
ISBN:
9781451945232
ISSN:
2227-8915
Publication Date:
08 Sep 1999
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781451945232.011
Pages:
278