The downward spiral of the Asian tigers
The financial crisis in Asia has continued to deepen - economics correspondent James Morgan explains the fundamental flaws in the East Asian economies.

Thailand: origin of the crisis
It was the devaluation of the Thai baht in July that began a chain of currency devaluations across the Asian region last year.

South Korea: economic reforms run into difficulty
Investors are selling up in South Korea as it faces a crisis of confidence over its economic reforms.

Underlying economic weaknesses exposed
Until recently Indonesia was held up as a shining example of economic success. Economics specialist Robert Shortt charts the history of corporate collapse and declining confidence.

Malaysia: attacks speculators
The Malaysian ringgit started to devalue after the Thai baht came under attack from currency speculators in July 1997. At the end of the month it hit a 38 month low against the dollar.