Which of the following conditions were present in Thailand, Indonesia, Malaysia, the Philippines, and Korea during the year before the 1997 financial crisis?

The External Debt and Financial Crises MCQs for PPSC, FPSC, NTS, and Pakistan government job tests. Select an option below, then read the explanation.

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Subject
The External Debt and Financial Criseseconomics-mcqs › the-external-debt-and-financial-crises
Published
27 May 2019
Last updated
28 May 2026

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Explanation

Before the 1997 crisis, the countries experienced very low capital inflows relative to GDP (I) and rapid credit expansion (IV). However, nonperforming loan ratios (II) and current account deficits (III) were not significantly high during that period, making only statements I and IV accurate.

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