Thai baht crisis breaks in Bangkok

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• Princes of the Yen whole source · open book

  Soon after the baht crisis broke in Bangkok in May 1997, the Thai finance minister and the prime minister felt that they should simply borrow some more money to bridge the temporary balance-of-payments crisis and implement a bailout program.

  chapter: 17. The Asian Crisis and the Central Bankers

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• Richard Werner author of the source

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