Product details

Financial crises could happen anywhere, although emerging markets have tended to be more seriously afflicted in recent times. Debilitating and massive shocks to bank liquidity, payments systems, and solvency were obvious characteristics of financial crises, as was panic, which was often precipitated by a sudden and dramatic loss of depositor and investor confidence. Companies operating in a region where a financial crisis had broken out could undergo corporate disasters as a result. This case gives a general description of financial crises and macroeconomic warning signs of them. It also describes three major financial crises in the late 1990s and early 2000s, how the business sectors of the regions were affected, and how some companies managed to ride out of the crises. Through studying this case, students are expected to get a feel of what really happens during a financial crisis, including the political and social turmoil that can be caused by it, and most importantly, the immediate impact on local and foreign businesses.