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The Currency Crisis In Thailand And Its Effects
Part 1 of Paper
....rency 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 the international monetary fund, the price of the U.S. dollar in terms of the.... Part 2 of Paper
....ll hit 50 percent. Ultimately there will have to be a bailout." 1 The banks are looking at the government to bail them out but as of December 30, 1998 no banks had requested government aid. At the beginning of the crisis in July, the baht was at B25.90/US$ and is currently at B36.90/US$ signifying a decrease of 29.81%.
Malaysia
In July of 1997, the Malaysian ringgit was at MR2.5200/US$. Currently the ringgit is at 3.7999US$, showing a 33.68 decrease. After a healthy decade of more than 8% g.... |
| Number of words: 991 - Approximate pages: 4 |
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