Lessons from Asian Financial Crisis 1990s
In March 1997, at a banking conference in Thailand, the authors identified two major Thai banks that were showing signs of distress.
The following day, the Bangkok Post reported that one of the two banks identified was downgraded by Moodys. That was the start of what is now known as the tom-yam effect. In this artilce the autors used their EAGLES benchmark to anlayze the performance of the banmking sector and in three Asian countries.
(Bankers Journal Malaysia Dec 1997)