The 1997 Asian financial crisis - how the Thai Baht collapsed in one minute

Описание к видео The 1997 Asian financial crisis - how the Thai Baht collapsed in one minute

Over 20 years ago, the Bank of Thailand ran out of US dollar reserves needed to support a fixed exchange rate of 25 Thai Baht to the US dollar. The result was a collapse of the Thai currency that led to a credit crisis that spread throughout Asia in the late 1990s. In this one minute video, Tariq Dennison takes a minute in front of the Bank of Thailand to explain why Southeast Asian banks now hold more capital but no longer try and peg their currencies to a fixed exchange rate.

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