This essay reviews the traumatic experience of Thailand's economy during 1997-1999, describes the policy response, and draws lessons for the future. Whereas the country's economic performance until 1996, was exemplary within the developing world - consistent growing, high gross domestic product rates, exports expansion, and in-flow of foreign capital - the financial downturn of 1997 gave way to a deep economic recession, which diminished asset values...
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INFORMATION
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2001/06/30
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Publication
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22865
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1
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1
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2010/07/01
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Back from the brink - Thailand's response to the 1997 economic crisis
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finance company
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