out in history。
旁白：韓國當時正要準備不履行他們從日本和西方銀行所得的貸款。迫於它們各自政府的壓力，這些銀行同意分擔部分痛苦：延期還款安排。韓國從而度過歷史上最大的難關。
Onscreen caption： Korea received 55 billion in new loans and credits。
字幕：韓國收到了550億美元的新貸款和信貸。
LEE HSIEN LOONG： If they had done that in Thailand； I think that they would have not only avoided some economic problems； but I think that a sense in Southeast Asia that the Americans were really on the side of putting things right would have been stronger。
李顯龍：如果他們在泰國這樣做，我認為他們不僅可以避免一些經濟難題，而且我認為，在東南亞認為美國人確實是要解決問題的看###強烈得多。
Chapter 13： Russia Defaults ＇2：31＇
第十三章： 俄羅斯不履行還款義務
WILLIAM McDONOUGH； President； Federal Reserve Bank of New York： Then a very； very strange thing happened。 From about the first of February until the beginning of August； there was a period in which financial markets essentially decided that risk didn't exist anywhere。
WILLIAM McDONOUGH，紐約聯邦儲備銀行行長：當時一個非常非常奇怪的事情發生了。大約從二月一號直到八月初，有這樣一個時期，各資本市場認為風險是全然不存在的。
Onscreen caption： Moscow； August 1998
字幕：莫斯科，1998年8月
NARRATOR： Markets thought contagion had been contained in Asia。 Investment flowed elsewhere。 Some came to Russia； where the Moscow stock market was the best performing in the world。 But economic reforms had stalled； and Russia was heavily in debt。 Even so； investors were convinced they'd found an emerging market that couldn't fail。
旁白：各個市場均認為這一惡性影響已被遏制在亞洲。投資流向其他地區。有些流入俄羅斯。當時的莫斯科股票市場在世界上表現最好。但是，經濟改革已經停止了，而且俄羅斯負債累累。儘管如此，投資者們堅信他們找到了一個新興的，不會失敗的市場。
WILLIAM McDONOUGH： Investors had decided Russia is an ex…superpower； it has lots of missiles and lots of atomic warheads …… certainly you could not have a financial accident in Russia； because the rest of the world； the rich countries； would bail Russia out。 Well； it turned out