The Asian financial crisis came as a huge shock to the Asian economies. The "Tigers" as they were then known, ushered 1997 with much optimism -- growth was strong, asset prices were rising and many were a hot-bed for foreign capital inflows.
Even for countries like Malaysia, the prospect of overpowering growth was a cause for concern. But in July 1997, the picture changed. The Thai baht collapsed, sparking a wave of panic across the region, especially in Indonesia, Malaysia and South Korea.
The following videos summarize the events that took place ten years ago and outline the lessons learnt by all concerned.