https://www.scmp.com/rss/513980/feed Si Ying Toh joined Nomura in August 2021 and is an economist covering Asia ex-Japan, focusing on thematic macroeconomic research. Prior to her current role, Si Ying’s work experience has been in FX & rates sales and corporate banking at Nomura, TD Securities and HSBC. She graduated from the National University of Singapore with a bachelor’s degree in economics (first class honours). en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com While the US Federal Reserve’s aggressive monetary tightening and strong dollar look set to add pressure to the balance of payments and currency depreciation in Asia, fears of a full-blown Asian crisis appear overdone. Indeed, the severity of the 1997 Asian financial crisis, starting with the devaluation of the Thai baht on July 2, was breathtaking: by June 1998, the Indonesian rupiah had lost 85 per cent of its value against the dollar. More astonishing was the volatility that saw the South... https://www.scmp.com/comment/opinion/asia/article/3196891/having-learned-1997-crisis-asias-currency-defence-likely-be-prudent-and-eclectic?utm_source=rss_feed https://www.scmp.com/comment/opinion/asia/article/3196891/having-learned-1997-crisis-asias-currency-defence-likely-be-prudent-and-eclectic?utm_source=rss_feed Sun, 23 Oct 2022 08:30:09 +0000