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自1997年7月开始的东亚金融动荡已经历了三个阶段。第一阶段以泰国7月2日实行浮动汇率为起点,东南亚各国纷纷取消固定汇率为终点;第二阶段以香港股市动荡为中心,并蔓延至全球股市;第三阶段以韩国、日本企
The financial turmoil in East Asia that started in July 1997 has gone through three stages. In the first stage, starting from the floating exchange rate adopted by Thailand on July 2, Southeast Asian countries canceled the fixed exchange rate in succession. The second phase centered on the turmoil in Hong Kong stock markets and spread to global stock markets. In the third phase, South Korea and Japan