Stage 2　Listening Comprehension

Stage 2　Listening Comprehension

Now,you will listen to the lecture on Asian Financial Crisis.As you listen,find answers to the following questions:

1.What do“Tiger Economies”and“Dragon Economies”refer to in this lecture?

2.Where did the financial crisis start?What was the situation prior to the crisis?

3.What happened to the exchange rates of the afflicted currencies at the end of the crisis?

4.What macro-level effects did the financial crisis have on the crisis economies?

5.Why was huge foreign-currency-denominated borrowing an attributor to the crisis?

6.What was the underlying cause of the Asian financial crisis?