Thai Baht Collapse Triggers Systemic Southeast Asian Economic Crisis
Thailand floats the baht on July 2, 1997, causing a dramatic currency devaluation that triggers the Asian Financial Crisis. After years of rapid economic growth and significant current account deficits, Thailand was forced to abandon its fixed exchange rate, with the baht depreciating from 25 to 56 …
Thai Government
International Monetary Fund (IMF)
World Bank
McKinsey & Company
Asian Development Bank
asian-financial-crisis
currency-collapse
imf-intervention
structural-adjustment
economic-vulnerability
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