Restructuring and Forgiveness in Financial Crises B: The Asian Crisis of 1997

Andrew Metrick
Authors registered in the RePEc Author Service: June Rhee

Journal of Financial Crises, 2020, vol. 2, issue 1, 96-105

Abstract: Asia's economy, Thailand in particular, was booming when the financial crises hit in the 1990s. However, troubles were brewing underneath the seemingly buoyant economy. With a fragile financial system and ineffective domestic government responses to these troubles, an exchange rate crisis took over Thailand, and this crisis started a financial contagion in the neighboring countries. This case reviews the background and domestic government responses to contain the crisis, and the international intervention provided by the International Monetary Fund including the assistance and the required reforms accompanying the support.

Keywords: Restructuring; Asian Financial Crisis; International Monetary Fund; Financial Institution Development Fund; Thailand (search for similar items in EconPapers)
JEL-codes: G01 G28 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ysm:ypfsfc:2177

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