During 1997-98, many of the East Asian tiger economies suffered a severe finanical and economic crisis. This had big consequences for the global financial markets , which had become increasingly exposed to the promise that Asia had seemed to offer. The crisis destroyed wealth on a massive scale and sent absolute poverty shooting up. In the banking system alone, corporate loans equivalent to around half of one year's GDP went bad - a destruction of savings on a scale more usually associated with a full-scale war. The precise cause of the crisis remains a matter of debate. Fingers have been pointed at the currency peg adopted by some countries, and a reduction of capital controls in the years before the crisis. Some blamed economic contagion . The crisis brought an end to a then widespread belief that there was a distinct "Asian way" of capitalism that might prove just as successful as capitalism in America or Europe. Instead, critics turned their fire on Asian cronyism, ill-disciplined banking and lack of transparency . In the years following the crisis, most of the countries involved have introduced reforms designed to increase transparency and improve the health of the banking system, although some (such as South Korea) went much further than others (such as Indonesia).
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CRIS [Caravan Registration Identification
All UK touring caravans from 1992 have a 17 digit ID number etched on all windows, this process is done before the van leaves the factory by the manufacturers, A telephone call to the Cris organisation will allow them to check for stolen , outstanding HP, previous insurance claims and former keepers and year of manufacture. The 10th digit denotes the year and is the most important.
Caravan year runs from September 1st to August 31st. As an example a van with 6 as the 10th digit for valuation purposes is a 2006 model even if the van is purchased in September 2005. There are times when vans are at dealers for quite a while for various reasons , a van used as a demonstrator is one of them. If that van is bought in this example new in January 2007. it is still a 2006 model and valued the same as a van bought in Sept 2005.
The oldest trick in the book is to advertise a van newer than what it really is, usually sellers say they are selling on behalf of friend with no internet access, yea right! sellers always know what they are selling.
Always check 10th digit on all windows, No digits on any windows mean windows have been changed, and at approx £200 a go there must be a good reason, usually stolen in the past.
10TH DIGIT Code is;