Asian Financial Crisis
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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..."
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Asian Financial Crisis (2005, December 01) Retrieved October 28, 2020, from https://www.academon.com/essay/asian-financial-crisis-72107/
"Asian Financial Crisis" 01 December 2005. Web. 28 October. 2020. <https://www.academon.com/essay/asian-financial-crisis-72107/>