BIS Review 20/1998  -2-  The most important point is that a currency crisis need not be much of a crisis at all, in that it may not lead to a broader economic crisis. While it often does lead to a broader crisis - as in Asia today - there are examples in the above list where it was not the case.
The compounded annual growth rate of agriculture credit was 28.4 per cent during 2003-08 as compared to  2  BIS Review 107/2009  24.5 per cent for overall bank credit in this period. The fact that overall private capital formation in agriculture has declined during this period would suggest that most of the incremental credit has gone for production and not for investment.