Comments: The Case of Thailand
Author: Kiettisak Meecharoen
Language:
English
Keywords:
BOOK; crisis; financing; exchange rate; market; financial system; IMF policy advice; IMF Policy recommendation; IMF reform; emerging market crisis; emerging market country; Exchange rates; Emerging and frontier financial markets; Capital flows; Currencies; Global; Asia and Pacific; East Asia; Europe; Southeast Asia; IMF team; IMF recommendation; IMF's Policy recommendation; IMF's recommendation; IMF's role; Financial sector

Abstract

Thailand received financial assistance from the IMF following its severe economic and financial crisis, with the belief that strict adherence to the IMF advice would eventually steer the country out of the crisis. The IMF gave Thailand technical advice and financial assistance in good faith, with the aim of bringing about a sustained recovery. The extent of the crisis was unexpectedly severe, however, and the international financial market grew turbulent following the swift diffusion of Thailand’s crisis to other countries. Investors thus became risk averse and engaged in a flight to quality.

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Cover Reforming the International Monetary and Financial System
Reforming the International Monetary and Financial System
Editor: Mr. Alexander K. Swoboda and Mr. Peter B. Kenen
ISBN:
9781557758354
Publication Date:
18 Dec 2000
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557758354.071
Pages:
448