Asian Financial Crisis of the Late 1990s

Paper Summary:

Examines causes of the crisis focusing on Thailand. Economic factors. Asian economy & markets. International trade. Credit & monetary policies. Currency devaluations. Bankruptcies. Foreign investment. Role of International Monetary Fund (IMF) & U.S. regarding assistance to Thailand. Debt restructuring.

From the Paper:

"Introduction
The recent upheaval in the Asian economies in general, and in Thailand in particular, produced ramifications felt throughout the world, a result of the global market in which business and economies now operate. The effects of the crisis include bankruptcies throughout Asia; Philippine Airlines is just one high.profile company that ceased operations. The effects have spread to the United States, where American goods must now compete with cheaper Asian goods because currencies have been devalued. This research examines the possible causes of the crisis and considers the research that has been done into the crisis with a particular emphasis on Thailand.


Objective of the Research
It is impossible to consider the financial crisis in Thailand without taking in..."

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