The Thai Currency Crisis: Fracture in a Fixed Exchange Rate Regime
AbstractAbstract If the financial press had been paying attention to some crucial barometers of currency instability in Thailand last year, the ensuing crisis in Asia would perhaps not have been so much of a surprise. On July 2,1997, the Thai government allowed the Baht to float against the Dollar for the first time in a decade. As we all now know, this effective devaluation set of a train of events which would shock all of the Asian economies which had hitherto enjoyed unqualified growth and prosperity for the last several years.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 5772.
Date of creation: 01 Jan 2007
Date of revision:
Exchange Rates Currency Baht;
Find related papers by JEL classification:
- E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-11-24 (All new papers)
- NEP-IFN-2007-11-24 (International Finance)
- NEP-MAC-2007-11-24 (Macroeconomics)
- NEP-MON-2007-11-24 (Monetary Economics)
- NEP-SEA-2007-11-24 (South East Asia)
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