Initial conditions in the year before the crisis in Thailand Indonesia Malaysia the Philippines and Korea in 1997 indicate that ?

i. capital inflows/GDP were very low
ii. Nonperforming bank loan ratios were high
iii. current account deficits were high
iv. credit growth was fast

A. I and IV only
B. II and III only
C. I, II and III only
D. II, III and IV only

Correct Answer: I and IV only ✔

Last Updated: June 18, 2019