Question

The economic crisis in the later half of 1990s most seriously affected Indonesia, Thailand, Malaysia and South Korea. The cause of the crisis was:

Accepted Answer

Mismanagement of the financial resources and financial sector, in general

Answer

The prolonged over-valuation of local currencies vis-à-vis the western currencies

Answer

The downswing and recession in the western economies which earlier provided export markets to these countries

Answer

None of these