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Rollercoaster: the incredible story of the emerging markets

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From the Back Cover
By 1998 the emerging markets, the Wild West of global capitalism in the 1990s, had turned thoroughly sour. The Latin American "Tequila Effect" of 1994 posted an advance warning of the trouble to come, but IMF intervention and short memories led to rapid and huge reinvestment in emerging market economies. In 1997 the apparently buoyant Tiger economies were sunk dramatically under a tidal wave of debt, currency collapse and stock market panic. The contagion of the "Asian flu" spread rapidly, sweeping through Russia and Latin America to major markets from Tokyo to New York, and had a domino effect on all the world's largest economies. By October 1998, an estimated $4.3 trillion had been wiped off the value of the world's stock markets in a matter of weeks. Disaster was eventually averted, but the shaky foundations of the world's financial architecture had been exposed..,

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Availability

200600436

658.8 TUD r

Z. HANDIMAN

Available

Detail Information

Series Title

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Call Number

658.8 TUD r

Publisher

Reuters Publ. : ., 0-273-650009-2

Collation

265p.; 25 cm.

Language

English

ISBN/ISSN

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Classification

658.8

Content Type

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Media Type

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Carrier Type

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Edition

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Subject(s)

MARKETING

Specific Detail Info

n

Statement of Responsibility

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