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˹éÒ 5
Despite these signs, the Bank of Thailand committed its third misstep by refusing
to take action on the exchange rate. Instead, it blustered its way out by arguing
that: • the large current account deficit, at least upto 1995, was cyclical, and was ...
Despite these signs, the Bank of Thailand committed its third misstep by refusing
to take action on the exchange rate. Instead, it blustered its way out by arguing
that: • the large current account deficit, at least upto 1995, was cyclical, and was ...
˹éÒ 6
A run began to develop and continued causing the Bank of Thailand to pour in
almost US$7 billion (at the then exchange rate) from its Financial Institution
Development Fund (FIDF) to support it. As the real estate market collapsed in
1996, ...
A run began to develop and continued causing the Bank of Thailand to pour in
almost US$7 billion (at the then exchange rate) from its Financial Institution
Development Fund (FIDF) to support it. As the real estate market collapsed in
1996, ...
˹éÒ 10
REFERENCES Bank of Thailand. 1996a. “Analysing Thailand's Current Account
Deficit.” Bank of Thailand Economic Focus 1, no. 1 (January–March). . 1996b. “
Analysing Thailand's Short-Term Debt.” Bank of Thailand Economic Focus 1, no.
REFERENCES Bank of Thailand. 1996a. “Analysing Thailand's Current Account
Deficit.” Bank of Thailand Economic Focus 1, no. 1 (January–March). . 1996b. “
Analysing Thailand's Short-Term Debt.” Bank of Thailand Economic Focus 1, no.
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