The Asian Financial Crisis 1995-98
20 July 2021Synopsis
In the space of a few months, across Asia, a miracle became a nightmare. This was the Asian Financial Crisis of 1995–98.
In this economic crisis hundreds of people died in rioting, political strong men were removed and hundreds of billions of dollars were lost by investors.
This crisis saw the US dollar value of some Asian stock markets decline by ninety percent. Why did almost no one see it coming?
The Asian Financial Crisis 1995–98 charts Russell Napier's personal journey during that crisis as he wrote daily for institutional investors about an increasingly uncertain future. Relying on contemporaneous commentary, it charts the mistakes and successes of investors in the battle for investment survival in Asia from 1995–98.
This is not just a guide for investors navigating financial markets, but also an explanation of how this crisis created the foundations of an age of debt that has changed the modern world.
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20 July 2021
9780857199140Reviews
Russell Napier’s book offers an authoritative and highly erudite account of one of the most consequential events that reshaped the modern world. As a market participant and a keen observer, Russell offers a seat at the table for anyone who wishes to understand the challenges facing today’s policymakers and how the Asia Pacific crisis birthed the age of debt. It is an indispensable guide.
A combination of applied and highly practical economics that through reality bridges the gap between policy theory and actual implications and results, but more it is also a travelogue and a diary.
A detailed retrospective on the development and evolution of the Asia Crisis drawn from the contemporaneous notes of a keen observer of economic and financial history… interesting food for thought for investors and policymakers alike.
