“The 1997 Asian Financial Crisis (AFC) was solely caused by issues with exchange rates.” Do you agree with this statement? What is the nature of these exchange rates issues? Could a similar crisis occur today or are Asian countries better placed to deal with such a crisis? Use valid real-life examples in your answer

 “The 1997 Asian Financial Crisis (AFC) was solely caused by issues with exchange rates.” Do you agree with this statement? What is the nature of these exchange rates issues? Could a similar crisis occur today or are Asian countries better placed to deal with such a crisis? Use valid real-life examples in your answer