It was a financial crisis that took place in 

the United States when the Stock 

exchange of New York fell down 

near 50 % of his beak the previous 

year.

the System of Federal 

Reservation to propose solutions

to the future crises.

• It is a monetary disorder provoked by the rapid and uncontrolled raise of the prices.
  
• The currency of the country that he suffers loses his value.
  
• The circulating money supply is enormous
  

Germany had to pay to him the victors of the Great War, this way that the payments weredone issuing a great quantity of

money

• The currency suffered an increase of his nominal value
  
• The ruin of the small savers
  
• Poverty and the unemployment
  
• Social problems
  

The increase of the price joined the great dependence that had the world industrialized of the oil, provoked a strong inflationary effect and a reduction of the economic activity of the affected countries.

The monetary disorder 

The Unequal 

Relative Economic Recovery

The difficult years of the Postwar period

of a combination of factors. The first trigger factor of this 

crisis was the gigantic deficit of the current account, 

which in 1996 reached 8,2 % of the PNB of Thailand. 

This deficit exercised forts press to her on valued 

currency of this country. The second factor was 

the existing relation between a weak yen and the 

fort baht (Thai currency) that increased the imports of 

of the total imports of Thailand. This way, so, the 

strength of the baht is the reason of the increase 

of his trade deficit.

of Asia in July, 1997 and increased the fear of an economic 

world disaster for financial contagion.

It began on July 2, 1997 with the devaluation of the Thai 

currency. For effect it dominated, numerous devaluations

happened to him in Malaysia, Indonesia and The

Philippines, which reverberated also in Taiwan, Hong 

Kong and South Korea.

crisis of 1997, which it began with the devaluation of the 

Thai currency.

• The fall of the oil price had a strong impact in the country, 

since Russia was depending on this product

• Narrow relation of the Russian banks with the petroleum industries
  

• The prices increased and the standard of living fell down drastically.

• A devaluation closely of 300 % of the ruble in the space of three weeks between August and September, 1998

• The paralyzation of the bank system
  

held assets worth $600 billion, became the symbolic start 

of the most dramatic financial crisis since the Great 

Depression. The causes have been attributed variously 

to the likes of a deregulated financial sector, poor public 

monetary policies and an international economy that was

ultimately based upon a house of sand, with 

unsustainable levels of debt in both public and 

private sectors.

is yet certain about when, or how, it is going to end. Markets have grown increasingly concerned about the ability of nations, particularly Greece, Ireland, Spain, Portugal, and Italy,to pay their debts, and the exposure of international banks to these potentially toxic debts has played a large part in the enormous market falls of recent days — some of the worst on record.