Tài liệu Has Thailand Learned from the Asian Crisis of 1997?

ABSTRACT. Many economists have investigated the causes of the Asian crisis of 1997 in
order to prevent a repeat of it. There were many issues leading to the crisis, and there is
no agreement on what all the causes were. I conclude that for the case of Thailand, there
were three main causes: exchange rate policy, weak financial institutions, and actions of
the government. The crisis is analyzed, and the results are used to suggest ways to prevent
future unnecessary recessions. Finally, the current situation in Thailand is examined to
determine whether Thailand has learned from the crisis and made any necessary change
to prevent a future collapse in the Thai economy.