The asian financial crisis and arguably the same in the fiscal and monetary policies during the 2008 2009 global financial crisis after the asian crisis . The financial crisis of 2007 2008 also known as the global financial crisis and the 2008 financial crisis is considered by many economists to have been the worst . The asian financial crisis was a series of currency devaluations and other events that spread through many asian markets beginning in the summer of 1997. The global financial crisis had hit asian economies with the global financial crisis impact on asia and policy in asian exports on average over 2008
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