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Essay

Asian Financial Crisis

Essay specific features

 

Issue:

Business

 

Written by:

Sally R

 

Date added:

February 17, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

10 / 2758

 

Was viewed:

3828 times

 

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Essay content:

However, by 1995 and 1996, Thailand's current account deficit had grown (from 5.7% in '93 to 8.5% in '96 [Pesenti et al., 1998]). When domestic production slowed, this account imbalance represented an even greater percentage, when compared to GDP. Much of the instability in Thailand's economy was brought about by heavy short-term borrowing that required stringent debt maintenance...
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A boom in real estate and the Thai stock market attracted foreign speculation that could not be sustained in the face of investor doubts. The Thai government attempted to shore up shaky investor confidence by officially backing the financial institutions that were heavily indebted abroad. For instance, in the first quarter of 1997 the central bank's Financial Institutions Development Fund (FIDF) had lent over USD 8bn, 17...
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General issues of this essay:
The king of Thailand Mary Kay In Thailand Political instability curbs Thailand`s economic growth Thailand Economic Analysis Zara Thailand Thailand Thailand Thailand Thailand thailand economic thailand thailand's sufficientcy economy in action $700 Billion Bill (Affect Of Eco Crisis To Thailand) Study and Analysis of Thailand's Developing Economy Thailand
 

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