abercrombie uk We see from the Asian financial cri

_1995
We see from the Asian financial crisis, what?


More, the bank non-performing loans increased to $ 20 billion, thus becoming the first international speculators to attack the target. △. Toad lapel fj. Bin removal of high debt, high credit, low reserves, financial operations in trouble many Asian countries rely heavily on external borrowing of funds, local government acquiescence or non-financial institutions to foreign financial loans, making government and corporate debt. To the end of 1997, Korea's external debt has reached $ 200 billion. Ranks highest in developing countries worldwide. Thailand's external debt reached 900 billion U.S. dollars, GDP, up 48.9 percent, as the world's second-largest debtor in developing countries. Since July last year, the financial crisis, the devaluation of its currency re-Qi Cheng, Thailand nearly bankrupt the country's economic edge. External debt in these countries in the short-term foreign currency loans accounted for by the proportion and large, such as Thailand, short-term foreign currency loans to total loans by 30%, while almost half of South Korea. Too much debt, especially short-term foreign capital to enter, after the stock market and property market bubble. As the bubble economy heating up, export costs, export competitiveness, the country's foreign trade deficit to more than more than large, lead to expansion of the current account deficit, a serious imbalance in international payments. And thus have no choice but to borrow foreign debt, particularly short-term commercial loans, thus creating a vicious cycle. High credit crisis is also an important signal. Japanese and South Korean government over the years have adopted a planned economy oriented to the executive power of the banking system to certain industries or companies do a lot of Japan's corporate demand for funds, to take But REMfinHUATI as Japan's bubble economy burst, a large part of these super-prime loans became bad debts. L1 month last year alone there are four financial companies in Japan causal accounts, bad debts and bankruptcy and other reasons (including the world's top ten securities companies, Japan's fourth-largest securities firm Yamaichi Securities Corporation). South Korea to pursue its economic development, and the government's power to require the financial system,abercrombie zürich, provide substantial benefits for large enterprises loans, resulting in the average debt ratio of large enterprises up to 300%, well above the average of 140% industrial countries. Especially in recent years, South Korean companies to expand in the international market is too severe, resulting in too much debt, a loss is too large,abercrombie uk, making the top 3O big business in the last year closed down eight, and thus big bite out of financial firms, so do not less financial enterprises have been closed down. Many countries in the Asian financial crisis of this reason unable to fight international investment capital from the vicious manipulation of prices, one important reason is lack of foreign exchange reserves of these countries. When South Korea is facing financial crisis, asked the International Monetary Fund loans, they discovered that the country's foreign exchange reserves only 5O million, while foreign debt is $ 200 billion, of which foreign currency short-term loans due in one year were as high as more than 600 billion In fact,hollister no brasil, nearly bankrupt country. Allowing South Korea to become the Asian financial crisis the country hit hardest. Financial supervision mechanism is not perfect. The risk of lack of defensive ability. These countries to control the size of credit, to strengthen credit management and control of foreign borrowing to ensure debt repayment, to prevent other types of financial crime, lack of effective regulatory measures, more and more problems, the most common and most serious is the result of room real estate loans caused by bad loans, bad debt problem. Bank keen on the one hand, market sentiment particularly sensitive short-term foreign loans. The majority of these funds Youyi long-term lending to real estate loans; the other - the use of domestic deposits in banks and loans to domestic and foreign real estate. Thai financial institutions such as the actual real estate loans to total loans of its funds about 5O%, Malaysia 29% Indonesia 20%,abercrombie and fitch uk, once the economic bubble burst, stock prices, currency devaluation, the real estate recession will create a large number of residential, office building backlog, idle, is bound to make national banks bad debts, bad debts increased significantly,abercrombie kids, also resulted in many countries, many bank failures, financial trouble. In this case Sui,abercrombie paris ouverture, Thailand, Indonesia, South Korea willing to withstand the harsh conditions in the second half of last year, the International Monetary Fund has to borrow J72 million, $ 23 billion, U.S. $ 57 billion to meet the domestic crisis by squeezing. Southeast Asian financial crisis triggered by the financial crisis has affected almost the whole of Asia, Western countries have caused a great shock. As the head of China's policies, solid economic strength, did not suffer a direct positive impact on economic development but also bring some negative effects, but even more apparent. This opening up of China's policy is to adhere to a severe test, and draw to a lot of lessons. (Author: l Fujian Foreign Economic and Trade Economic Circle 1998.q
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