v t e Economic bubbles 1600s Tulip mania 1700s South Sea Company Mississippi Company Canal Mania 1800s Railway Mania Encilhamento ("Mounting") 1900s Florida land boom of the 1920s Roaring Twenties stock-market bubble Poseidon bubble Japanese asset price bubble 1997 Asian financial crisis Dot-com bubble 2000s Chinese stock bubble of 2007 Uranium bubble of 2007 Real estate bubbles Australian property bubble Bulgarian property bubble Chinese property bubble (200511) Danish property bubble of 2000s Indian property bubble Irish property bubble Lebanese housing bubble Polish property bubble Romanian property bubble Spanish property bubble United States housing bubble causes Hypothetical bubbles Carbon bubble Chaotic bubble Higher education bubble Social media bubble Related topics AI winter Stock market bubble Commodity booms . Further information: Economy of South Korea. dollar. ^ Bayani Cruz, We will hold on to blue-chip shares: Tsang, The Standard, 29 August 1998. ADB. Financial contagion Liquidity crisis Stock disasters in Hong Kong .
The real GDP growth rate slowed dramatically in 1997, from 5% to 1.6%, and even sank into recession in 1998 due to intense competition from cheapened rivals. Accessed 2009-08-20. (November 2015) (Learn how and when to remove this template message) . In response to a severe fall in oil prices, the supermajors that emerged in the late-1990s, undertook some major mergers and acquisitions between 1998 and 2002 often in an effort to improve economies of scale, hedge against oil price volatility, and reduce large cash reserves through reinvestment.. ^ Kaufman: pp. ^ Pempel: pp 118143 ^ ^ Hughes, Helen. August 2003. References. The economic crisis also led to a political upheaval, most notably culminating in the resignations of President Suharto in Indonesia and Prime Minister General Chavalit Yongchaiyudh in Thailand. In 2005 the last of the crisis measures were removed as taken off the fixed exchange system.
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