Thailand's Currency Crisis: Effects: Difference between revisions

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==Effects on Thailand==
==Effects on Thailand==
* For Thai citizens, foreign goods were suddenly more expensive.
* Biggest impacts in the financial sectors (i.e. banks).
* Foreign loans loaned out to Thai citizens aren't paying the interest/face value of the original loan.
* IMF arranged emergency rescue package of $18 billion for Thailand
==Effects on Region (SE Asia/Asia)==
==Effects on Region (SE Asia/Asia)==
==Global Effects, ex. Argentina==
* Thailand > Indonesia and Korea > Russia > Latin America
* this Asian crisis pushed one-third of the globe into recession during 1998
* total world IMF rescue funds because of this: $184 billion
 
==Effects Beyond Asia==
* Any country selling to Thailand pre-crisis now gets severe drop in demand.




{{Currency Crisis Nav Bar}}
{{Currency Crisis Nav Bar}}

Revision as of 01:54, 29 November 2006

Effects on Thailand

  • For Thai citizens, foreign goods were suddenly more expensive.
  • Biggest impacts in the financial sectors (i.e. banks).
  • Foreign loans loaned out to Thai citizens aren't paying the interest/face value of the original loan.
  • IMF arranged emergency rescue package of $18 billion for Thailand

Effects on Region (SE Asia/Asia)

  • Thailand > Indonesia and Korea > Russia > Latin America
  • this Asian crisis pushed one-third of the globe into recession during 1998
  • total world IMF rescue funds because of this: $184 billion

Effects Beyond Asia

  • Any country selling to Thailand pre-crisis now gets severe drop in demand.



Home Page | About Currency Crises
Thailand's Currency Crisis | Thailand's Currency Crisis: Effects | Thailand's Currency Crisis: Solutions
Argentina's Currency Crisis | Argentina's Currency Crisis: Effects | Argentina's Currency Crisis: Solutions
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