How Asian Countries Failed? | 1997 Asian Financial Crisis | Explained | Ayushi Chand

In this video, we discuss an important case study in the global economic history, wherein everything that could possible go wrong went wrong.
The Asian Financial Crisis was a watershed moment in the history of the world which led to the emergence of a new world order of regional economic cooperation in the form of the Chiang Mai Initiative and the G20.
Watch at 1.5x.
Learn about the crisis, the causes, the repercussions and the lessons learnt here.
01:20 Introduction
02:09 Causes for the Crisis
07:49 Consequences of the Crisis
09:30 Reforms Introduced
12:09 Lessons to be learnt
14:30 Conclusion
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Pakistan on the verge of collapse?: kzread.info/dash/bejne/qGSozsaLpqawqNI.html
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Ayushi Chand is an Indian Economic Service (IES) officer, and has worked with the Central Government of India (Ministry of Finance). She has over 8+ years of work experience in the fields of finance, economics and public policy.
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Get in touch:
LinkedIn: www.linkedin.com/in/ayushichand
Twitter: ayushichand
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www.quora.com/profile/Ayushi-Chand
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Attributions: commons.wikimedia.org/wiki/File:Asian_Financial_Crisis_EN_vector.svg#/media/File:Asian_Financial_Crisis_EN_vector.svg

Пікірлер: 77

  • @bhsdiwale_chicha1501
    @bhsdiwale_chicha15019 ай бұрын

    Currently pursuing my mba from Srcc and preparing for a presentation on East Asian crises . Really insightful video ❤

  • @rahuldixit7633
    @rahuldixit76338 ай бұрын

    Great Ayushi Great Report..

  • @mohibquadri4053
    @mohibquadri40539 ай бұрын

    Dr Manmohan singh made some great efforts to uplift our financial sector from going down. People don't know much about it but history will remember him as one of the best statesman we've ever had in terms of taking country towards path of overalls development.

  • @cool3884

    @cool3884

    9 ай бұрын

    I agree. but there is a glitch: a family member binds a dog into a dark pit for days until dog becomes almost half dead. and then another member brings it back to health by care. got it?

  • @banty6350

    @banty6350

    8 ай бұрын

    Desh ko barbad kar Raha hei uska 3 reform ke chakar mein

  • @poojaolety
    @poojaolety27 күн бұрын

    You're thoroughly fabulous ma'am! Haven't seen anyone explaining macro economics with such eloquence and crisp. Thankss a lot ma'am! ✨✨✨❤️

  • @sohandamle
    @sohandamle9 ай бұрын

    well researched and in depth information which no one tells about. great video

  • @AyushiChand

    @AyushiChand

    9 ай бұрын

    Thank you :)

  • @macbro5903
    @macbro59039 ай бұрын

    Good research 💯

  • @TooDamnHighOpportunityCost
    @TooDamnHighOpportunityCost9 ай бұрын

    Thank you!!!

  • @basicswithme0029
    @basicswithme002925 күн бұрын

    Very interesting and informative video.... Lot of respect❤

  • @RajuPanku-zm7li
    @RajuPanku-zm7li2 ай бұрын

    Mam! Your explaination is awesome. Please continue to upload videos.

  • @bibekghatak5860
    @bibekghatak586024 күн бұрын

    Beautifully explained by Madam Ayushi . Thanks 🙏.😊

  • @owojcik
    @owojcik3 ай бұрын

    I study Korean Philology and I'm supposed to make a presentation about 1997 Asian Financial Crisis. I don't have much understanding of international economic processes or things such as stock market etc. but you explained the issue very clearly!! I'm very thankful, its so good that people like you share your knowledge and devote their tome to make this knowledge so accessible. Lots of love, I'm gonna advise your channel for my friends who study on economics related majors💗💕

  • @arunjohn708
    @arunjohn7089 ай бұрын

    Good Information ma'am, All the best

  • @raman_1982
    @raman_19822 ай бұрын

    very well explained..

  • @neerajkant3728
    @neerajkant37289 ай бұрын

    Madam you are such a intellectual person...thats what all i have to say about this...may shree kashi vishwanath bless you...thanks for sharing the detail about this 1997 economic crisis

  • @AyushiChand

    @AyushiChand

    9 ай бұрын

    Thank you so much :)

  • @DeepakDhariwal-hv4hg
    @DeepakDhariwal-hv4hg2 ай бұрын

    Thank you mam it was very helpful video please keep going❤❤

  • @cool3884
    @cool38849 ай бұрын

    such complex crisis explained easily. hats off. the views are criminaly low.

  • @mangalyadav3614
    @mangalyadav36149 ай бұрын

    Ma'am it seems you are on mission to provide economic literacy please consider the idea to create a dedicated course to cover economy for UPSC exam aspirant POV

  • @dinkeydink9376
    @dinkeydink93764 ай бұрын

    Nice work! ❤ Thanks for sharing! Funny, alot of countries did the same. Open up, deregulate, capital inflow, bubble, crash, change fix to float exchange rate. And in the end, alot of state owned companies in the hand of private investors cheaply. When u see this pantern over 10/15 years in alot of countries, u suspect its on purpouse.

  • @ayushjain2640
    @ayushjain26409 ай бұрын

    Hello Ma'am, Thank you, It's a really informative video. I would like if you would also make videos on European financial crisis 2007 and World Economic Depression of 2008 (Housing Bubble).

  • @AyushiChand

    @AyushiChand

    9 ай бұрын

    Yes, I will. Thanks for the suggestion :)

  • @gdp2102
    @gdp21029 ай бұрын

    Hi, thanks for sharing this important video. Do you see any possibility of repetition of this situation in current times? I can see some similarities though. Please try and make video in current times

  • @TheDynamicmarket
    @TheDynamicmarket2 ай бұрын

    You are best!

  • @ameyapathak2008
    @ameyapathak200822 күн бұрын

    Bey Ayushi..great videt...can you make a video on BRICS AND DE DOLLARIZATION impact and what might be time ramifications on Indian Banking and IT sectors

  • @Useruytrw
    @Useruytrw22 күн бұрын

    I knew the case study but just came to admire your beauty

  • @propertytsunami3071
    @propertytsunami30716 ай бұрын

    given bretton woods collapsed since US decouple from gold Is there any solution other than global financial re-set for US since this country own 1/3 of the global debts?

  • @FromProfessor
    @FromProfessor19 күн бұрын

    Looking Beautiful......!!

  • @djankush4519
    @djankush45193 ай бұрын

    Hi Ayushi, can you make a video on negative interest rate regime? It's need, implications and benefits

  • @AbhishekKumar-qe8kz
    @AbhishekKumar-qe8kz7 ай бұрын

    Hello Ma'am, could you make a video on KKR's takeover of RJR Nabisco in 1989? I tried to understand it by myself but wasn't able to absorb much.

  • @Eshuu09
    @Eshuu09Ай бұрын

    Hello ma’am .. I want to do masters in public policy… is op Jindal a good option?

  • @shailendra1537
    @shailendra15379 ай бұрын

    How is it so missed out that everytime their crisis or scams 90% of time there are banks neglecting risks on their investments.

  • @Shamaate
    @Shamaate5 ай бұрын

    Ma’am, I could assume that bad loans practices are part of any economic crisis. So isn’t it handy tool for any mindful person to track the banks stability ?

  • @miaya3898
    @miaya3898Ай бұрын

    PH 🇵🇭 wasn't that affected much. I do recall taxis disappearing from our regional citiy by 1998. Our gdp is 5 times bigger now but there's still fewer taxis here than in the 90s

  • @vishnuvarthan2736
    @vishnuvarthan27365 ай бұрын

    Was wondering isn’t this a non compliance. As you were working closely with government on budget Is akshat allowed to invest in stocks. Me as an employee of financial service company, am supposed to declare that none of my close family members are investing in stocks

  • @mtpatel90skid
    @mtpatel90skid6 ай бұрын

    Does current Indian economic boom ends up like 1997 asian economic crises?

  • @RationalismIsFuture
    @RationalismIsFuture9 ай бұрын

    Can you correct the map of india in east asian map featured in thumbnail

  • @AyushiChand

    @AyushiChand

    9 ай бұрын

    Corrected. Thank you

  • @mithun3362
    @mithun33629 ай бұрын

    👏

  • @rutujathakur2173
    @rutujathakur2173Ай бұрын

    Maam please upload videos on regular basis as they are explained in layman's language and understanding becomes much easier. Hope to see you soon!!

  • @veeramanithirumalarao1339
    @veeramanithirumalarao133915 күн бұрын

    I am interested fiscal Dificeit issues

  • @amits221
    @amits2213 ай бұрын

    Good

  • @shailendra1537
    @shailendra15379 ай бұрын

    8:53 wrong map

  • @SANDESHACHARYA-ew5li
    @SANDESHACHARYA-ew5li9 ай бұрын

    Hello mam, Can you make a video on how USA become a apex nation as well as how it's currency so powerful among the other currency .

  • @AyushiChand

    @AyushiChand

    9 ай бұрын

    Yes, definitely. Very interesting topic, thank you for suggesting it. Will make a video soon. :)

  • @banty6350

    @banty6350

    8 ай бұрын

    Imf aur gatt jaise sansta ko khol kar garib aur madhyam barg ke desh ko lut kar powerful hua hei

  • @Anti-CornLawLeague
    @Anti-CornLawLeague3 ай бұрын

    Sounds like the Austrian Business Cycle Theory is true based on this. Flood of cheap credit caused a boom and bust.

  • @ashwingphusey
    @ashwingphusey15 күн бұрын

    I know you ❤❤ i love you both guys

  • @stayinvestedbuddy
    @stayinvestedbuddy29 күн бұрын

    Yes I want to join

  • @shaansode7130
    @shaansode71309 ай бұрын

    I am also from SRCC

  • @beaugalbraith3242
    @beaugalbraith32429 ай бұрын

    Enjoying the video but now confused.. at 5:09 you talk about The US currency appreciated which then made the Asian country exports more expensive.. why? I don’t get it.

  • @akshaysingh5231

    @akshaysingh5231

    7 ай бұрын

    All the tiger economies in that time were heavily dependent on foreign investment, so much so, that it was cheaper to buy from foreign entities and banks than the domestic institutions. When the interest rates were raised by Fed, the cost of borrowing became significantly higher which affected the operating costs of all businesses in South Asian countries who had pegged their currency with the USD. This affected their exports and many businesses had to be shut.

  • @gouthamperumal3837
    @gouthamperumal38373 ай бұрын

    9:16 I like mainland Jaina too

  • @newfriend5404
    @newfriend540423 күн бұрын

    Thanks, however presentation on reasons for financial crisis could be better through graphics, tables.

  • @vijayhemmady4677
    @vijayhemmady46779 ай бұрын

    👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍🙏🙏🙏

  • @UllahMohd
    @UllahMohd6 ай бұрын

    The same "Crony Capitalism" & gross corruption is happening in Bangladesh & it's going to pay a hefty price very soon.

  • @rishabhmanerkar
    @rishabhmanerkar9 ай бұрын

    Should we expect regular uploads now?

  • @AyushiChand

    @AyushiChand

    9 ай бұрын

    Yes :)

  • @shouryarajput7302
    @shouryarajput73024 ай бұрын

    Hindi

  • @krishnagoel10
    @krishnagoel109 ай бұрын

    Dono pati patni mast youtube se paisa chhaap rahe h. No hate just a comment, and both of you are amazing and make good videos, I really like your videos

  • @aniketgour7949
    @aniketgour79499 ай бұрын

    Mam your video content was so good. And I am glad to see it but mam the toughness of your english make me understand little bit and not fully. So mam I am hoping you to use basic english.😅

  • @isparshmehta
    @isparshmehta9 ай бұрын

    Crony Capitalist: Adani!

  • @TECHanLIFE

    @TECHanLIFE

    9 ай бұрын

    True

  • @batman-om2kx

    @batman-om2kx

    3 ай бұрын

    Bro I invest in Adani stocks and made 100 time my money now I can relax and my future generations wealth is also secured so CRONY CAPITAL LIST ROCKS😎

  • @C01A60
    @C01A609 ай бұрын

    Crony capitalism - Adani?

  • @sanankhan2960
    @sanankhan29609 ай бұрын

    Hi you look beautiful 😊

  • @bobbyrathore7126
    @bobbyrathore71268 ай бұрын

    mam aap indian ho pless speek in hindi 😔😔😔😔😔 i am your big big fan 🤗🤗🤗🤗🤗

  • @miaya3898
    @miaya3898Ай бұрын

    You forgot to mention Thailand 🇹🇭 blaming Soros. The defunct Asiaweek reported on it. At that time I didn't know who Soros was 😂

  • @pranjalshahi2376
    @pranjalshahi2376Ай бұрын

    The Indian map used by you is inaccurate..please avoid such imp details

  • @dank_ass1
    @dank_ass13 ай бұрын

    soo easyyy..thank you

  • @mchoidir43
    @mchoidir43Ай бұрын

    She is the younger twin sister of Gita gopinath, the IMF director

  • @nayan_2472
    @nayan_2472Ай бұрын

    Ur beautiful

  • @ArnabGoswami-lp4sh
    @ArnabGoswami-lp4sh3 ай бұрын

    George Soros 🤟

  • @KGopidas
    @KGopidas15 күн бұрын

    How would we explain india lending to Kingfisher airlines, nirav modi?