The Asian Crisis of 1997-1998: Deregulation (tags)
Enormous capital streamed in short-term monetary investments that could dissolve at any time, not in lasting direct investments. Higher stock prices and home prices fueled the credit boom. Deregulated finance markets are everything but efficient.
The Financial Crisis of the IMF (tags)
The IMF is an extremely undemocratic system. Instead of one country-one vote, the good capitalist principle one dollar-one vote was in effect from the beginning. Whoever paid most had the most votes and the greatest influence.