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Mr. Maris said the US financial troubles had already passed through its most difficult time but that it will take two to three years for America's financial institutions to return to normal, a situation similar to that of many Asian countries when hit by financial turmoil in 1997.
Plentiful liquidity in Asia and the Middle East has been used to buy the assets of troubled American financial institutions, Mr...
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Mr. Maris said the US financial troubles had already passed through its most difficult time but that it will take two to three years for America's financial institutions to return to normal, a situation similar to that of many Asian countries when hit by financial turmoil in 1997.
Plentiful liquidity in Asia and the Middle East has been used to buy the assets of troubled American financial institutions, Mr...
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General points of the essay
Critically examine why financial liberalisation brought financial crisis in most of the Asian countries but did not bring a crisis in either China or India.
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