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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

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

Language

EN

File Format

application/pdf

Included in

Economics Commons

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