The economic crisis in the later half of 1990s most seriousl

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

I.A.S. (Pre) 1999

[External Sector - Trade, FDI, Debt]

mismanagement of the financial resources and financial sector, in general

the prolonged over-valuation of local currencies vis-a-vis the western currencies

the downswing and recession in the western economies which earlier provided export market to these exportoriented countries

None of the above

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