Asia and the next financial crisis (East Asia Forum)

The Asian financial crisis of 1997–98 was a huge turning point in Asia. Asia’s confidence in the IMF and the US leadership to help through global institutions in a time of crisis was seriously shaken. The disillusionment was deepest in Tokyo, Seoul, Bangkok and Jakarta — Beijing was then an innocent defender of the status quo.

http://www.eastasiaforum.org/2016/02/22/asia-and-the-next-financial-crisis/