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40 billion program to stabilize the currencies of South Korea, Thailand, and Indonesia, economies particularly hard hit by the crisis. Until 1999, Asia attracted almost half of the total capital inflow into developing countries. The economies of Southeast Asia in particular maintained high interest rates attractive to foreign investors looking for a high rate of return. The cause of the debacle are many and disputed. Thailand’s economy developed into an economic bubble fueled by hot money. More and more was required as the size of the bubble grew.