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Updated:Apr 23, 2026
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Asian Financial Crisis: Currency Floating and Collapses (1997-1998)

Asian Financial Crisis: Currency Floating and Collapses (1997-1998)

  1. Thai baht faces major speculative attacks

    Labels: Thai baht, Thailand, Speculative attack

  2. Thailand abandons peg and floats the baht

    Labels: Thailand, Baht float, Currency devaluation

  4. Thailand signs IMF-backed stabilization program

    Labels: Thailand, IMF program, Stabilization plan

  5. Indonesia abandons managed float; rupiah freely floats

    Labels: Indonesia, Rupiah float, Managed float

  6. IMF approves Thailand stand-by credit package

    Labels: IMF, Thailand, Stand-by arrangement

  7. Hong Kong dollar hit by major speculative attack

    Labels: Hong Kong, HK dollar, Currency board

  8. Indonesia requests IMF support; reform plan submitted

    Labels: Indonesia, IMF letter, Reform plan

  10. South Korea signs IMF memorandum amid won crisis

    Labels: South Korea, IMF memorandum, Won crisis

  12. Hong Kong intervenes in stock market to defend currency link

    Labels: Hong Kong, Stock intervention, Currency link

  13. Malaysia imposes capital controls and pegs ringgit

    Labels: Malaysia, Capital controls, Ringgit peg

  14. Indonesia updates IMF program amid deep economic contraction

    Labels: Indonesia, IMF program, Economic contraction