THE PANIC VIEW THEORY OF THE CAUSE OF THE ASIAN FINANCIAL CRISIS O...

20. The panic view theory of the cause of the Asian Financial Crisis of 1997 supports all of the following statements but ____ . A. the Asian crisis was not caused by problems with economic fundamentals B. there were no visible warning signs of the impending crisis C. a swift change in expectations was the catalyst for the crisis D. the crisis was caused by international investors’ irrational behavior * E. the IMF’s fiscal and monetary policies after the crisis greatly assisted in containing the spread of the crisis Chapter 14 Financing Foreign Investment