Thailand: Financial Crisis of 1997

Bakhshi, Alveena; Roy, Dipak; Averyanova, Nataliya; Goh, Richard

Thailand is widely considered to be where the Asian financial crises began. The examination reveals that Thailand's banking system was not equipped to handle the financial liberalization which began in 1989. And the appreciation of the US dollar against the Yen in 1996 led to the Currency and Banking Financial crises that followed.

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International and Public Affairs
Published Here
January 16, 2014


Submission to Professor Timothy Goodspeed, International Finance and Monetary Policy, School of International and Public Affairs. November 16, 2002.