Part one of term paper
This paper discusses the impact of the currency crisis. On July 2, 1997 Thailand devalued its currency against the dollar, leading to a currency crisis that has led to devaluation's in Indonesia, Malaysia, South Korea, Russia, and Brazil. In our overview, we will discuss the timing of the crisis, the alleged causes, the actions taken by th ...

Part two of term paper
... for the baht. This caused the baht to plummet more than 20%. In August of 1997 IMF responded by approving a $17.2 billion bailout package. After investigation by the IMF they concluded that hedge funds also played a role in Thailand's financial crisis. As a result of multibillion-dollar overhang, Thai business remains paralyzed with frozen cash flow. Also affected are the private sectors and the countries banking system. The private sector carries huge debt because of the crisis. Andrew ...