The financial crisis can happen anywhere, but emerging markets were more severely affected in recent times. Debilitating and massive liquidity shocks, wallets and pay have been clear signs of the financial crisis, as was the panic that often occurs due to a sudden and dramatic loss of confidence of depositors and investors. Companies operating in the region, where the financial crisis erupted could pass as a result of corporate disasters. Provides an overview of the financial crisis and macroeconomic warning signs of them. Also describes the three major financial crises in the late 1990s and early 2000s as the business sector of the regions have been affected, and how some companies managed to ride out the crisis. "Hide
by Michael Enright, Vincent Mak Source: University of Hong Kong, 15 pages. Publication Date: 08 Oct 2003. Prod. #: HKU299-PDF-ENG
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