Bank of Thailand Story: 1997 Crisis
1:07:53 – 1:19:16
The IMF by the way asks countries to implement free-market policies except the IMF policies themselves are not free-market policies, they are credit guidance. You are forced to reduce your credit creation (now) turning this banking crisis into a massive recession. So essentially this combination of IMF and central bank caused this.
Bank of Japan Story: 1945 Crisis vs 1991 Crisis
1:00:05 – 1:07:53