Talk:1997 Asian financial crisis
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My Indonesian friend said that during the crisis, a lot of indonesian people further compounded the problem by selling out their own currency and buying foreign money (such as USD) and send it out of the country. Some people got rich at the expenses of the rest of the country.
After some thought and consideration, I created anIndonesia-related topics notice board, along the same lines as other regional notice boards (such as those for Malaysia and Africa). This was established to coordinate efforts to improve Indonesia-related Wikipedia entries. If you've made contributions to Indonesia-related articles in the past, or would like to, please take some time to visit, introduce yourself, and sign the roster. --Daniel June 30, 2005 18:44 (UTC)
Hi, I am a Thai here. I want to comment about this article. First of all, to the person who asked about this, IMF was very prominent to the local people at the time and "IMF Crisis" is not so inaccurate. What I really want to comment is, however, the fact that the crisis is also known as "Tom Yum Kung Disease". Tom Yum Kung is a very famous Thai food and SE Asia called the crisis Tom Yum Kung Disease since it started from Thailand.
Russian financial system had also catch fire meanwhile (we know it as "an August").So this should not be really called asian, it affected a lot of countries which had economic growth worldwide.
Yesterday, all my Soros seemed so far awayNow it look as though they're here to playOh, I believe in yesterday
Suddenly, Baht's(or insert name of other currency) not half the worth it used to beThere's a short sell hanging over itoh, yesterday came suddenly
Why funds had to go I don't know, they wouldn't sayI said something wrong, now I long for yesterday
Yesterday, shares was such an easy game to playNow I need a place to hide awayoh, I believe in yesterday
Why funds had to go I don't know, they wouldn't sayI said something wrong, now I long for yesterday
Yesterday, shares was such an easy game to playNow I need a place to hide awayoh, creditors, please go away Mm
Only 10 percent of the top 100 hits in Google's index are calling this the East Asian Financial Crisis rather than the Asian Financial Crisis. Shouldn't Wikipedia conform to general usage?
It seems to me that Malaysia and the IMF needs to be mentioned more. Since Malaysia AFAIK largely ignored the IMF's recommendations and offers it's from what I can gather an interesting case study often used to try and ascertain whether the IMF policies were really a bad idea or not. While as with most economic issues, there doesn't appear to be any real agreement, and comparing Malaysia and it's recovery with other countries like Indonesia, Thailand etc is difficult it seems to me that some mention needs to be made of the comparison between Malaysia and other countries which more followed the IMF more.
It seems to me that Malaysia and the IMF needs to be mentioned more. Since Malaysia AFAIK largely ignored the IMF's recommendations and offers it's from what I can gather an interesting case study often used to try and ascertain whether the IMF policies were really a bad idea or not. While as with most economic issues, there doesn't appear to be any real agreement, and comparing Malaysia and it's recovery with other countries like Indonesia, Thailand etc is difficult it seems to me that some mention needs to be made of the comparison between Malaysia and other countries which more followed the lead.
The text still survives at the following URL
I do not know how to update this source properly.
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