The Asian crisis of 1997: lessons for modern EM trading

Currencies from Thailand to Korea collapsed in 1997 as pegs broke and capital fled. The pattern — hot money, current-account deficits, overstretched pegs — repeats in modern form across emerging markets.

What do you watch for?

• the warning signs you look for in EM currencies
• how you position when a crisis pattern forms
• the EM event that reminded you of 1997

The Asian crisis guide lays out the anatomy.