Abstract
Although the East Asia area (NIEs, ASEAN4, China) had attained growth high former generally, confusion of the currency and economy, which stemmed from Thailand in July 97, affected neighboring countries in an instant. It is generated against the background of globalization and a large amount of capital movements of finance and a capital market, and the market participant's change of how to catch the investment environment brings about the rapid inversion of a private capital flow, and since this Asian currency crisis has the feature of causing the sudden drop of currency or a stock price, it is also called the 21st century type currency crisis.
In this report, the cause and background of a currency crisis are analyzed first, and it is engaged in the subject for returning to the growth course in which an Asian area is maintainable, and the subject which should be made in preparation for a future crisis are performed from the objective viewpoint through the comparative analysis.
Next, the present condition of macroeconomic-interdependence that the Asia-Pacific region can be set is grasped positively, and it is focused on the measures and the structural reform after the crisis, so that the subject should be made from now on by hearing investigation to the policy maker and specialist of countries is clarified.
As the country for investigation, with regard to the economic trend of China, Taiwan, Hong Kong, Thailand, and Malaysia, in addition to analyzing in detail, we also have simply surveyed about the other Asia countries.
Asian economy would be on truck once again not a high economic growth in short term but sustainable growth in long term when construction adjustment would be held steadily.
