What was the 1997 regional financial crisis called after the currency where it began collapsed?

The 1997 regional financial crisis that began after Thailand’s currency collapsed is called the Asian financial crisis.

Thailand abandoned its fixed exchange rate for the baht on 2 July 1997 after intense pressure on its foreign-exchange reserves. The baht then depreciated sharply, and investors reassessed other Asian economies that had large foreign-currency debts, weak financial regulation, or property and investment booms. Pressure spread to Indonesia, South Korea, Malaysia, and the Philippines.

The crisis combined currency crashes, falling stock markets, corporate bankruptcies, and banking failures. International Monetary Fund programs supported Thailand, Indonesia, and South Korea, although the required austerity and reforms were controversial. Hong Kong’s currency peg survived, but its stock market fell sharply in October 1997. The crisis was regional rather than a single worldwide stock-market event; its effects nevertheless influenced later debates about capital controls, reserves, and exchange-rate systems.