| Papers [1-15] of 100 :: [Page 1 of 7] | | Go to page : 1 2 3 4 5 6 7 —> | Search results on "THAILAND FINANCIAL CRISIS": |
|
|
Thailand Financial Crisis, 1997.
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
3,375 words (approx. 13.5 pages), 13 sources, $ 119.95
»
Click here to show/hide summary
Abstract
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 ..."
| |
|
Thailand and the East Asian Financial Crisis, 2003.
An analysis of the economy of Thailand as part of the wider East Asian economy.
3,110 words (approx. 12.4 pages), 15 sources, MLA, $ 90.95
»
Click here to show/hide summary
Abstract
The essay examines the conditions in Thailand that led to effective devaluation of the Thai Baht in July of 1997 and the reasons for the ?contagion? that affected other East Asian economies. The paper also includes a survey of the reforms undertaken by the Thai Government since the crisis.
Contents:
Introduction
Economic Growth before the Crisis
Macroeconomic Policy Mix before the Crisis
Financial Sector before the Crisis
Regulatory Weaknesses before the Crisis
Reasons for Contagion in Other Countries
Survey of Reforms
Conclusion
From the Paper
"The countries of East Asia have long been called the ?Asian Tigers? due to growth rates averaging 8 per cent annually over the past two decades; large rises in per capita income, high domestic savings, low budget deficits and low inflation. However, it appears that the very success of high economic growth of these countries led foreign investors to underestimate the underlying economic weaknesses as the East Asian Financial crisis unfolded."
| |
|
The Financial Crisis of 1997, 2005.
A discussion on the financial crisis of 1997 and its impact upon Thailand.
1,800 words (approx. 7.2 pages), 7 sources, $ 71.95
»
Click here to show/hide summary
Abstract
The paper reviews the impact of the financial crisis upon Thailand, which then spread through Southeast Asia, and also reviews its present impact upon that nation and whether or not this impact can be considered positive or negative. The paper takes the view that the 1997 crisis was devastating initially for the people of Thailand. However, if there are any lingering effects, they are largely positive ones as the country has remodeled itself and revamped a financial sector that was plagued by a lack of transparency, proper over-sight and inefficiency.
From the Paper
"The 1997 financial crisis in Southeast Asia was a water-shed moment in many ways. Not least of all, the crisis in Thailand brought an unceremonious end to the heady optimism that had spread through the region during the course of the booming 1980s and 1990s. While economic growth in Asia during this period rewarded various groups unevenly - as is generally to be expected in predominantly free markets - there was a general economic healthfulness that offered the promise of still more gains in the future. Suffice it to say, these roseate projections for the future were turned up-side-down by the sudden collapse of the Thai baht and the subsequent currency devaluation experienced in other parts of Asia. This paper will briefly review the impact of the crisis upon Thailand (the nation wherein the problem began)."
| |
|
Currency and Financial Crisis in Southeast Asia, 2004.
This paper analyzes the Asian financial crisis of 1997-1998 in Korea, Thailand, Malaysia, and the Philippines.
6,090 words (approx. 24.4 pages), 28 sources, MLA, $ 143.95
»
Click here to show/hide summary
Abstract
This study applies ordinary least squares (OLS) estimation procedures, with and without lags, to identify the causes of currency crises in selected economies during the 1997-98 East Asian currency and financial crisis. The author states that the cause of the crisis was attributed to initial macroeconomic conditions, weak macroeconomic fundamentals, financial sector regulation, and policy reaction. The paper relates that the empirical results were consistent with previous literature on currency crises; episodes of depreciation appear to be associated with the depletion of foreign exchange reserves and the increase in foreign liabilities. Equations. Tables.
Table of Contents
Introduction
Classical Theory
Empirical Research Explaining Currency Crisis
First Generation Models
Second Generation Models
Third Generation Models
Policy Reactions and the Role of the IMF
Conceptual Model
Initial Conditions
Deterioration of Macroeconomic Fundamentals
International Sector and Financial Regulation
Macroeconomic Policy
Ideal and Actual Data
Measuring the Symptoms
Measuring Currency Crisis
Actual Data
Results and Analysis
Conclusion
Appendix I: Summary of Data and Indicators Used in Previous Studies
Appendix II: General F-Tests
Appendix III: Statistical Analysis for Multicollinearity and Heteroskedasticity
Appendix IV: E-views Output of Granger Causality Tests
From the Paper
"Although Korea, the Philippines and Thailand followed the classic prescription of raising their interest rate to defend their currencies, all three saw continued depreciations, well in excess of what would be predicted by the currency crisis models Furman and Stiglitz (1997). From a policy perspective, Goldfajn and Gupta (1998) look the real exchange rate ?undervaluation? episodes in 80 countries following the crises to assess whether tight monetary policy brings about a recovery in the real exchange rate through a nominal appreciation of the exchange rate. They find that in their total sample, tight monetary policy increases the probability of recovery by about 10 percentage points. But among countries undergoing simultaneous banking and currency crisis, as in East Asia, tight monetary policy is associated with roughly 10 percentage points lower probability of success. Both of these differences are statistically significant."
| |
|
The Asian Financial Crisis of 1997, 2002.
An analysis of the Asian Financial Crisis of 1997 which struck Thailand in July 1997, soon engulfed most of the countries in the region ,and at one time threatened to spread the world over.
3,200 words (approx. 12.8 pages), 15 sources, APA, $ 92.95
»
Click here to show/hide summary
Abstract
This paper is about the Asian Financial Crisis of 1997, one of the severest financial meltdowns to hit a group of countries in modern day history. It describes how the crisis developed, gives a hypotheses about its causes followed by evidence from research, explaining the causes in detail. Effects of the crisis and a conclusion containing a summary of the research and lessons learnt are also included.
From the Paper
"The unprecedented economic growth of the Southeast Asian countries? in the 1980s and 90s was a result of ?opening-up? of their economies to take advantage of the globalization trend. This coincided with rapid appreciation of the Japanese yen in the mid-1980s that drove the cost of production sky high in Japan, forcing several Japanese companies to move their production facilities offshore?initially, to South Korea and Taiwan. The Japanese also started an aggressive policy of monetary expansion resulting in ?asset price bubble,? and triggering massive capital inflows into South Korea and Taiwan. By the late 1980s, the Korean and Taiwanese economies experienced a similar appreciation in their currencies, followed by similar policies and large capital outflows?to the neighboring Southeast Asian countries."
| |
|
The Financial Crisis in East Asian Economies, 2006.
An analysis of the East Asian financial crisis of 1997-1998 and whether the crisis is really over.
1,800 words (approx. 7.2 pages), 3 sources, $ 71.95
»
Click here to show/hide summary
Abstract
This paper discusses the East Asian financial crisis of 1997-1998 and how it represented not only a shock to the regional economies of East Asia but, in a larger context, a blow to the confidence of global financial markets in the fundamental structural soundness of East Asian economies. The paper points out that the East Asian economies that were at the center of the crisis - in particular, Thailand and South Korea - were also among those being most highly praised for their market liberalization and fiscal prudence during the regional economic boom of the 1990s. This, in particular, represented troubling concerns for the global economic community in terms of the validity and trustworthiness of assessments of East Asian economies. With this in mind, this paper considers whether it is safe to assume that the crisis is truly over.
| |
|
Asian Financial Crisis, 2002.
An analysis of the Asian Financial and Currency crisis that hit the economies of the South East Asian countries in the summer of 1997.
5,950 words (approx. 23.8 pages), 17 sources, APA, $ 141.95
»
Click here to show/hide summary
Abstract
This paper is about what came to be known as the Asian Financial Crisis of 1997-98, which hit Thailand in July 1997, soon engulfed most of the countries in the region and at one time threatened to spread the world over. It traces the history and background of the crisis, the reasons why it happened, the effects it has had socially, politically and economically. The paper also covers the approaches adopted by the countries involved, and the international financial institutions to overcome the crisis and the lessons that need to be learnt from it. The focus of the paper is on the business and economic aspects of the crisis and only briefly covers its cultural, social, and political ramifications.
From the Paper
"The next country to be affected by the Thai contagion was Philippines. Its central bank tried to support its currency by increasing the interest rates overnight. The Thai finance minister who was against devaluing the country?s currency resigned on June 19. The Thai prime minister continued to declare that his country would ?never devalue the baht? as late as June 30. But things had already gone out of hand as the Thailand?s central bank had limited reserves of dollars and soon ran out of them in trying to defend the bath. The Bank of Thailand was forced to announce a managed float of the currency on July 2 with an SOS to IMF for help. This resulted in a sudden devaluation of baht to record lows against the dollar and the start of the currency crisis in East Asia was well and truly underway."
| |
|
Asian Financial Crisis, 2005.
An analysis of the Asian financial crisis of 1997, its causes and repercussions.
1,575 words (approx. 6.3 pages), 6 sources, APA, $ 55.95
»
Click here to show/hide summary
Abstract
This paper presents a review of the Asian financial crisis, triggered by the devaluation of Thailand's national currency, the baht, in 1997, and the role that the IMF played in making the crisis worse than it had to be.
From the Paper
"In July, the Thai government ended a long-time policy of linking the value of their national currency, the baht, to the U S dollar and it triggered a financial crisis in Asia. A rapid devaluation of the baht suddenly reduced export revenues, made imports much more expensive and made capital investments in Thailand less attractive. This was an economic meltdown that soon spread to Malaysia, Indonesia, the Philippines and Japan. Asian stock prices plunged as a result and there were worldwide repercussions. Some analysts suggest that speculators and the..."
| |
|
The Asian Financial Crisis, 2008.
This paper explores the causes of the Asian Financial crisis of 1997 and suggests preventative policies.
2,398 words (approx. 9.6 pages), 8 sources, MLA, $ 73.95
»
Click here to show/hide summary
Abstract
The paper looks at the role of the International Monetary Fund (IMF) and how its policies and oversights made problems worse in Southeast Asia and looks at Korea as an example. The paper looks briefly at the role of "crony capitalism" in Southeast Asia and focuses on Malaysia and Thailand in particular. The paper also examines structural factors, reviews the inherent irrationality of investors and explains the role of capital control regulations and premature liberalization in producing or deepening the crisis. The paper concludes that the IMF must allow developing nations to take matters into their own hands when looking at structural issues, while those countries must develop comprehensive oversight and "firewalls" that reduce cronyism and incompetence.
From the Paper
"The causes of the Asian Financial Crisis of 1997 are too numerous to be easily synthesized into one neat capsule. Nonetheless, looking at the matter from afar, it appears as though there was excessive foreign borrowing, far too much over-lending (although it is not clear if this over-lending was domestic, it may be inferred that too much bank capital went towards dubious, speculative ventures) and such an over-reliance upon foreign capital that, when the industrial sector began to slow down, the outflow of foreign capital was utterly debilitating."
| |
|
Thailand's Currency Crisis, 2007.
This paper examines Thailand's currency crisis in light of its background, the reasons behind the crisis, and its immediate effect and aftermath.
3,091 words (approx. 12.4 pages), 7 sources, MLA, $ 90.95
»
Click here to show/hide summary
Abstract
This paper looks at the currency crisis in Thailand, which started in the summer of 1997 and rapidly engulfed a number of East Asian "Tiger economies" in a major financial crisis. This crisis became a an interesting case study for economists who were interested in analyzing the pros and cons of globalization and laissez faire market economies. The author further examines the effects of the East Asian currency crisis, on Thailand itself, which underwent a painful re-adjustment of its economy.
Outline:
Background
The Danger Signals
Foreign Exchange Reserves
Current Accounts Deficit
Excessive Credit Expansion
Why Did the Growth Slow Down?
The Housing and Real Estate Bubble
The Stock Market Bubble
The Crisis
The Aftermath of the Crisis for Thailand
Conclusion
From the Paper
"The country took a number of measures to attract foreign capital during the 1980 and early 1990s. These included lifting of restrictions on foreign investments, elimination of most barriers on foreign ownership of export oriented industries, granting of tax incentives to foreign mutual funds and investments in the stock market, creation of closed-end mutual funds, and reduction of taxes on dividends remitted abroad (Antczak 40-41). These measures along with a pegged exchange rate policy (i.e., the Thai currency baht was pegged to the dollar and its value rose and fell with dollar's value), and the large differential in interest rates provided comfort to foreign investors who came to Thailand in droves. "
| |
|
Thailand's Economic Crisis & The Triangle of Impossibility Economic Model, 1997.
Detailed analysis of Thailand's 1997 financial crisis. Discusses the "Triangle of Impossibility" model, which consists of a fixed currency rate, free capital movement, & an independent monetary policy.
2,250 words (approx. 9.0 pages), 13 sources, $ 79.95
»
Click here to show/hide summary
From the Paper
" Thailand's Economic Crisis and the
"Triangle of Impossibility" Economic Model
Introduction
The "Triangle of Impossibility" economic model theorizes that it is dangerous, if not impossible for a small economy to maintain three desirable (politically) yet contradictory national goals. When it does, the end result is a macroeconomic crisis like the one currently going on in Thailand today (Na Thalang, 1997, 14). The three paths that Thailand is pursuing, suggests Na Thalang, are a fixed foreign exchange regime, free capital movement, and an independent monetary policy. After a brief economic snapshot of Thailand, these three divergent paths will be explored to determine if: A) the theory is valid, and B) if it.."
| |
|
Thailand's Economic Crisis, 2005.
This paper discusses Thailand's economic recovery.
1,840 words (approx. 7.4 pages), 5 sources, $ 63.95
»
Click here to show/hide summary
Abstract
This paper explains Thailand and its recovery from the 1990s Asian financial crisis. The author presents the situation arising from the Thai government's decision to float the bhat. The paper stresses the relationship between economics and national security.
From the Paper
"On July ..., Thailand experienced an economic shock that impacted a number of distant countries. As Gerald Fry put it, "The decision by the Thai government to float the Thai baht caused a free-fall in the value ...""
| |
|
Russian Financial Crisis 1998: A Self-made Crisis, 2002.
A paper that covers the financial crisis that hit Russia in August 1998.
4,694 words (approx. 18.8 pages), 14 sources, MLA, $ 120.95
»
Click here to show/hide summary
Abstract
This paper contains an analysis of factors, both internal and external, that caused the financial crisis in Russia in 1988. The main argument of the paper is that the main causes of the crisis originated from inside. The monetary system that the Russian government created after the fall of the USSR failed to provide a stable channel for the implementation of an adequate monetary policy. The paper shows that the banking system was ill-designed and corrupt, mainly serving as a channel for government funds to favored industries. Finally, the paper shows that the extreme usage of government debt (often for the personal benefit of the Russian officials) was the factor that shut the whole economy down. Bonds were printed like paper, which is unsustainable even in the short-run.
Table of Contents:
A Self-made Crisis
Fake Monetary System
The Banks that Weren?t
Russian FIGs
A Pyramid of Bonds
The Fall of the Babylon
The Responsibility
Works Cited
From the Paper
"In 1998 Russia was hit by a large-scale financial crisis. The bad news of Russian default (or payment suspension) in August 1998 was one of the primary concerns of almost all Russian and western media. The events and outcomes of the crisis were relatively similar to the ones that took place in Asia in 1997 or, more recently, in Argentina (the latter has recently defaulted on the largest government debt in history). These amounted, but were not limited to: national currency being largely devaluated, collapse of the banking system, and political unrest resulting in dramatic changes in the government."
| |
|
Energy Crisis Causes Governor Crisis, 2002.
An overview of the Californian energy crisis and its impact on the Governer's hopes for re-election.
1,150 words (approx. 4.6 pages), 4 sources, $ 44.95
»
Click here to show/hide summary
Abstract
This paper explores the recent energy crisis in California and how that affects the Governor and his hopes for re-election. A chronological explanation of the crisis is provided as well as some thoughts about the political problems this is going to cause for the governor in the future.
| |
|
The Philippines Economy, 2005.
This paper examines the reasons the Philippines was not as greatly affected by the Asian financial crisis as compared to Thailand.
2,500 words (approx. 10.0 pages), 9 sources, APA, $ 75.95
»
Click here to show/hide summary
Abstract
This paper explains that both the Philippines and Thailand, which represent bright spots in a region of the world that has not always enjoyed economic prosperity, have solidly embraced the concepts of globalization, a free market economy and close ties with the United States. The author points out that the lion's share of the economic misery of the Asian monetary crisis went to those Asian nations, which had been enjoying record levels of growth just a few months before; Thailand was more severely affected than the Philippines. The paper reviews several economic factors, such as the comparative soundness of banks in the Philippines and Thailand, that might have influenced this situation. Many comparative graphs.
Table of Contents
Introduction
Background and Overview
Economic Indicators: The Philippines versus Thailand
Philippines
Thailand
Comparison of Impact of the Asian Financial Crisis on the "Asian Tigers."
Average Annual GDP Growth
Soundness of Banks
Total Expenditure for R&D as % of GNP
Administrative Burden for Start-Ups
Adult Literacy Rate
Average Years of Schooling
Flexibility of People to Adapt to New Challenges
Professional and Technical Workers as % of the Labor Force
University Education Meets the Needs of a Competitive Economy
Conclusion
From the Paper
"The Asian financial crisis of the 1990s represented one of the last major economic challenges to the processes of globalization that had started several years before; in fact, Y. C. Jao (2001) points out that from an international perspective, the Asian financial crisis was "the most serious regional financial crisis since the European monetary crisis of 1992-93 and the Mexican peso crisis of 1994-95. However, for the Asian region alone, the Asian financial crisis is the most devastating economic and financial catastrophe since the Korean War of 1950-53" (p. 3). According to Arthur Grimes (1998), the Asian financial crisis began in earnest in July 1997 as a result of the depreciation of the Thai baht; by the end of 1997 the crisis had spread to virtually all Asian economies (with the exceptions noted below)."
|
|
|
