The paper examines the ways of protection against international financial crises describing the effects of expansive monetary policy on the countries with emerging markets, outlining the purposes of the Lender of Last Resort, discussing the activities of the International Monetary Fund (IMF), etc.
The paper examines the causes and consequences of the Asian financial crisis of 1997 presenting a review of related literature and focusing on the impact of the crisis on the tourism industry. Recommendations are suggested on the basis of the lessons learned from the crisis.
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