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U.S. interest rates may be rising, but that won't trigger another Asian Financial Crisis, analysts say

Por: CNBC Business September 23, 2022

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watch nowVIDEO1:5501:55Taiwan's currency still dominated by weakness in major North Asian ones: UBSThe world economy may be facing conditions seen during the 1997 Asian Financial Crisis — aggressive U.S. interest rate hikes and a strengthening U.S. dollar.But history is unlikely to be repeated, analysts said, though they caution that some economies in the region are particularly vulnerable to currency devaluations reminiscent of the... + full article



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