This section highlights what has been identified as some of the main causes of the East Asian crisis. Various factors were at play during the crisis and it is likely that a confluence of factors were responsible for the events that occurred. The various causes presented below are not meant to be taken in isolation but have been identified as some of the more significant components that may have led to the emergence of the crisis. This section synthesises information from survey respondents, analysis by external commentators on the crisis as well as conventional economic analysis.

2.1 Macroeconomic issues

2.2 Structural issues

2.3 Financial Market issues