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Snap AV: Twenty years after the Asian financial crisis, charted

Summary:
That was then. This is now.Big chart, lots of detail, from Nomura:More in the usual place, including some important points not in that chart. For example, the simple reality that we have better data these days: “in 1996-97 FX reserves were released with long lags, while many countries lacked comprehensive external debt data which, along with credit rating downgrades, probably contributed to many investors assuming the worst.”Nomura are not the first out with Asian Financial Crisis notes, of course. There was Albert Edwards of SocGen on Thursday attempting to look forward through a perennial gloom:On the 20th anniversary of the start of the Asian crisis it is certainly clear to me that the mess we are now in is a linear progression of the monetary madness that followed the 1997 Asian bust.

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That was then. This is now.

Big chart, lots of detail, from Nomura:

David Keohane
(Spending some time as FTAV’s Bombay wallah. Noticeably sweatier but not much else has changed.) David studied economics, politics and journalism before joining the FT in 2011 as a Marjorie Deane fellow. He covered emerging markets, equities and currencies before making the jump over to FT Alphaville in May 2012. In between his degree and masters he wandered into the real world of business where he learnt how to manipulate a spreadsheet and organise meetings where nothing gets decided.

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