Asian financial crisis: What lessons have been learned 20 years on?

In the years prior to 1997, the countries known as the Asian tigers (Indonesia, South Korea, Malaysia and Thailand) experienced extraordinary economic performance along with macroeconomic stability.

In the years prior to 1997, the countries known as the Asian tigers (Indonesia, South Korea, Malaysia and Thailand), experienced extraordinary economic performance along with macroeconomic stability. However, in July 1997, a crisis broke in the currency markets of these countries and the weak banking systems, poor corporate governance and lack of transparency meant they did not have the financial foundations to cope. Industry experts tell Investment Week what lessons have been learnt 20 years on from the financial crash when the Asian tiger markets came crumbling down.