Accident waiting to happen? The Thai banking crisis of 1997

Accident waiting to happen? The Thai banking crisis of 1997

Accident waiting to happen? The Thai banking crisis of 1997

The Bank of Thailand was stunned by the severity of the crisis which overwhelmed Asia in the summer of 1997. Why was a long- established and well-respected central bank so unable to cope? To what extent was financial liberalisation to blame? What will the consequences of the measures taken by the Bank of Thailand to rebuild confidence, be?