Document Type
Article
Abstract
Many economists have investigated the causes of the Asian crisis of 1997 in order to prevent a repeat of it. There were many issues leading to the crisis, and there is no agreement on what all the causes were. I conclude that for the case of Thailand, there were three main causes: exchange rate policy, weak financial institutions, and actions of the government. The crisis is analyzed, and the results are used to suggest ways to prevent future unnecessary recessions. Finally, the current situation in Thailand is examined to determine whether Thailand has learned from the crisis and made any necessary change to prevent a future collapse in the Thai economy.
Publication Date
Spring 2008
Journal Title
Major Themes in Economics
Volume
10
Issue
1
First Page
35
Last Page
64
Copyright
©2008 by Major Themes in Economics
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Language
en
File Format
application/pdf
Recommended Citation
Jungjaturapit, Kuejai
(2008)
"Has Thailand Learned from the Asian Crisis of 1997?,"
Major Themes in Economics, 10, 35-64.
Available at:
https://scholarworks.uni.edu/mtie/vol10/iss1/5