"From Asian to Global Financial Crisis"

"From Asian to Global Financial Crisis" traces the evolution of financial instability starting in Asia during the late 1990s, when regional economies faced sharp currency devaluations and stock market collapses. These crises revealed vulnerabilities in financial systems and prompted reforms. Over time, similar issues emerged in other parts of the world, culminating in the 2007-2008 Global Financial Crisis, which originated from housing and banking failures in the U.S. The progression shows how localized financial issues can escalate into widespread global economic disruptions, highlighting interconnectedness and the importance of robust financial regulation worldwide.