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Crises Then and Now, on Asia’s Anniversary

Hello. Today we look at how the 25 years since the Asian Financial Crisis have positioned us for the next one, US recession calls blaring more loudly, and central bankers’ latest struggles to manage a delicate inflation fight.

The somber quarter-century anniversary of the Asian Financial Crisis is upon us, with investors, policy makers, and consumers across the region holding dark memories of the day Thailand devalued the baht in a move that ballooned into a regional and global emergency.