The U.S. Economy on the Brink? Japan on the Edge? Implications for Asian and the World Markets

The U.S. Economy on the Brink? Japan on the Edge? Implications for Asian and the World Markets

- Speaker: Kenneth S. Courtis, Vice Chairman, Goldman Sachs Asia

- Date : February 6, 2001.

"One of the big consequences of the Asian crisis was the breaking of the link between local currencies and the US dollar, with the exception of China and Hong Kong… For example, in the last six months there has been an extremely close correlation between the movement of the Korean won and the Japanese yen...”