Asian Financial Crisis

Question 1: According to the parliamentary publication titled “Asian Financial Crisis’:

A. What factors contributed and lead to the Asian Financial Crisis of 1997?

B. What actions did the IMF (International Monetary Fund) take following the crisis?

Question 2: According to the author of the article titled “To Sink or Swim When Floating Stock”:

A. What are the risks and benefits of going public?

B. What factors should be considered by companies before going public?

Question 3: In their article “The Libor Scandal: A Need for Revised National and International Reforms”, Girasa and Kraus (2014), describe the events surrounding the 2012 exposure of the LIBOR scandal.

A. Which financial institutions were found to be involved in the scandal and how were they penalised?

B. What alternative methods for determining LIBOR were suggested and have any of these been implemented since?

Question 4: In his article titled “Tracing the origins of the financial crisis”, Paul Ramskogler (2014) breaks the causes of the financial crisis into two groups; the macroeconomic factors, and the financial market factors.

A. List and briefly explain the causes described under each category.

B. Can future crisis be prevented through monitoring and controlling these factors? Explain your answer.

Articles: Richardson, D 1998, ‘Asian Financial Crisis’, Current Issues Briefs 1997‐1998, Parliament of Australia.

Cantillo, M 2012, ‘To Sink or Swim When Floating Stock’, IESE Insight, no. 13, pp. 42–49.

Girasa, RJ & Kraus, RJ 2014, ‘The Libor Scandal: A Need for Revised National and International Reforms and Regulations’, North East Journal of Legal Studies, vol. 32, pp. 89–112.

Ramskogler, P 2014, ‘Tracing the origins of the financial crisis’, OECD Journal: Financial Market Trends, vol. 2014, no. 2, pp. 47–62.

each question has 500 words.

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