Document Type
Case Study
Abstract
Asia’s economy, Thailand in particular, was booming when the financial crises hit in the 1990s. However, troubles were brewing underneath the seemingly buoyant economy. With a fragile financial system and ineffective domestic government responses to these troubles, an exchange rate crisis took over Thailand, and this crisis started a financial contagion in the neighboring countries. This case reviews the background and domestic government responses to contain the crisis, and the international intervention provided by the International Monetary Fund including the assistance and the required reforms accompanying the support.
Recommended Citation
Rhee, June and Metrick, Andrew
(2020)
"Restructuring and Forgiveness in Financial Crises B: The Asian Crisis of 1997,"
The Journal of Financial Crises: Vol. 2
:
Iss. 1, 96-105.
Available at:
https://elischolar.library.yale.edu/journal-of-financial-crises/vol2/iss1/7
Included in
Asian Studies Commons, Banking and Finance Law Commons, Finance Commons, Growth and Development Commons, International Economics Commons, International Law Commons, Macroeconomics Commons