Examines the micro and macro-economic, political and social factors that contributed to the Thai financial crisis of 1997-8. Discusses exchange rates, size and openness, inflation, wage rates, financial sector development, central bank and mobility of ca
Written in 1997; 3,375 words; 13 sources; $ 119.95
From the Paper:
"Introduction: Situation Overview
On June 27, 1997, the finance ministry of Thailand, along with the Bank of Thailand, that nation's central bank, announced that activities of sixteen financial and securities firms were to be suspended for thirty days, and directed the troubled firms to find merger partners. Five days later a further and dramatic step was taken: Finance Minister Tanong Bhidaya declared that the Thai central bank would no longer support the baht, the Thai currency, at its fixed exchange rate of 24.45 bahts to the dollar.
The initial reaction of international financial observers was positive. On July 10, the respected Far Eastern Economic Review reported these developments under the headline "Free at Last," with a subtitle reporting that "Thailand floats the baht, begins financial-sector clean-up" (Vatikiotis, 1997a, 70). According to ..."
We have thousands of high-quality term papers, research papers, essays, book reports and dissertations on every topic. At AcaDemon, you can download those term papers to help you write yours! You can be sure that the term paper, essay, book report or research paper you download are top-quality, competitively priced and high-level work.
This Free Term Paper Abstract is a part of our Term Paper Library.Here you can purchase research papers, examples of essays, academic dissertations, articles, notes, analytical papers, book reports, stories and poems. We have thousands of persuasive, point-of-view, narrative, critical, compare and contrast and other types of essays in our Library. You can also find here Term papers on "Thailand Financial Crisis", Essays on "Thailand Financial Crisis", Research papers on "Thailand Financial Crisis", Student papers on "Thailand Financial Crisis", Book reports on "Thailand Financial Crisis", Dissertation on "Thailand Financial Crisis", Thesis on "Thailand Financial Crisis", Summary of paper on "Thailand Financial Crisis", Articles written on "Thailand Financial Crisis".
Look for more research papers, essays and book reports on