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Encyclopedia :: encyclopedia : Asian financial crisis (Site not responding. Last check: 2007-10-23) |
 | | Unfortunately, scandals rocked his administration in 2001, most notably the "jueteng" scandal, which caused significant falls in the share prices of companies listed on the Philippine Stock Exchange. |
 | | The PSE Composite Index, the main index of the PSE, fell to some 1000 points from a high of some 3000 points in 1997. |
 | | Since Hong Kong has more than US$80 billion of foreign reserves, which is equivalent to 700% of M1 money supply and 45% of M3 money supply of Hong Kong, despite the speculative attacks, Hong Kong managed to keep the currency pegged to the US dollar. |
| www.hallencyclopedia.com /Asian_financial_crisis (2985 words) |
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