Abstract :
The word crisis is one word that invokes fear and has varied and wide impact on human life and activities in the world. It does not matter whe1e the individual human being resides on the surface of the globe. Crisis involves a threat that people face as individuals or collectively as a group or country. This research proposal is a very hand in glove one in its bearing on erisis, that is a currency crisis dovetailing into a financial crisis. Before the crisis in East Asia, the growth of the East Asian economies earned them the accolade of the "Asian Economic Miracle." Suddenly, all that changed with a eurrency crisis that escalated into deep, financial crisis in J 997, called the ''Asian Economic Crisis."