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.
Major Themes in Economics
©2008 by Major Themes in Economics
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"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