Search: ASEAN

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RBA Glossary definition for ASEAN

ASEAN – Association of Southeast Asian Nations

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What Happened?

1 May 1998 RDP 9805
Morris Goldstein and John Hawkins
Malaysia's use of high interest rates was the most limited among the ASEAN-4 countries. ... The ASEAN-4 countries suffered steep falls in their equity markets in the second half of 1997.
https://www.rba.gov.au/publications/rdp/1998/1998-05/what-happened.html

Why did it Happen?

1 May 1998 RDP 9805
Morris Goldstein and John Hawkins
case with Mexico, the ASEAN-4 economies were generally regarded by lenders as in the first tier of sovereign borrowers among emerging markets. ... Some others emphasised the rising share of China (versus the static share of the ASEAN-4 countries) in
https://www.rba.gov.au/publications/rdp/1998/1998-05/why-did-it-happen.html