For 10 points, name this 1990s financial crisis that devastated the economies of South Korea, Thailand, and several other countries.
DESCRIPTION ACCEPTABLE In response to this event, one man gave a speech in Helsinki questioning the "Washington Consensus," which may have led to his dismissal as chief economist of an organization led by James Wolfensohn. This event prompted the suspension of trading in the shares of Finance One and the liquidation of Peregrine Investments. This event caused only a brief setback during the late Ramos administration, and due to the ineffectiveness of his response to it, Joseph Djiwandono was fired. Partly due to this event, B. J. Habibie rose to power in one country and major reforms were implemented in another under (*) "DJnomics," This event forced a restructuring of the chaebol, and it began because of the inability of one central bank to maintain the exchange rate of the baht. The fallout from this event prompted the collapse of the Suharto government. For 10 points, name this 1990s financial crisis that devastated the economies of South Korea, Thailand, and several other countries.
DESCRIPTION ACCEPTABLE In response to this event, one man gave a speech in Helsinki questioning the "Washington Consensus," which may have led to his dismissal as chief economist of an organization led by James Wolfensohn.
Asian financial crisis [or 1997 financial crisis; or anything roughly equivalent; accept equivalents like the Tom Yum Crisis; prompt for year on IMF Crisis since that's what it's called in Korea]