Asian financial crisis

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• Princes of the Yen whole source · open book

  In 1997, investors pulled out. Simultaneously, the central banks forced the commercial banks to restrict credit creation. The bubbles burst.

  chapter: 1. Japanese Lesson

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• Richard Werner author of the source

Appears in 5 stories

• Asian crisis and the blocked Asian Monetary Fund step 5
• Paper money, central banks, and credit creation step 52
• Princes of the Yen: Japan built, bubbled, and broken step 253
• The IMF, the World Bank, and the developing world step 42
• The lost decade: credit crunch, stimulus, and broken banks step 20

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