Question

How did the Asian financial crisis of 1997 affect Australia, UK,
and the USA?

Answer 1

USA:

It began as a currency crisis when Bangkok unpegged the Thai baht from the U.S. dollar, setting off a series of currency devaluations and massive flights of capital.

Australia:

They affected financial markets, particularly the foreign exchange and equities markets.

UK:

It began as a currency crisis when Bangkok unpegged the Thai baht from the U.S. dollar, setting off a series of currency devaluations and massive flights of capital.

Step-by-step explanation: