Leadership and Asian Financial Crisis

I was listening to the BBC report on the 1997 Financial Crisis Meltdown report. Just to summarize my recollection on the rootcause(s)-

Problem:
1. Institutional investors pull investments out of the NIC Asian countries;
2. Central banks devaluated their currency because of the pull out;
3. Exchange rate was fixed against US dollar;

Solution:
1. Flexible exchange rate pattern.
2. Trigger point or safety threshold from bank fund managers by institutional investors.

Why did I write about this? Because I believe in the journey to financial freedom begins by perfecting the financial literacy of an individual. Leadership in this area teaches us fiscal prudence which in the long run can bring about fruition to any family endeavor-financial or otherwise.