One economist has argued that the East Asian exchange rate crisis of the late 1990s was due

Question:

One economist has argued that the East Asian crisis of the late 1990s was due to "the simple failure of governments to remember the lessons from the breakdown of the Bretton Woods System." What are these lessons? In what sense did the East Asian governments fail to learn these lessons?
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...