Abstract
There is broad agreement among economists on what triggered the financial crisis in Thailand on July 2, 1997. As Thai exports sagged, imports surged, and official reserves dwindled, the government of Thailand tried to maintain the exchange rate between the baht and the U.S. dollar at an unrealistic level. This might have been a relatively routine situation, warranting a currency devaluation and modest changes in the Thai economic policy.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
