Asian financial crisis was a major economic crisis that spread throughout several Asian countries. The beginning of the Asian financial crisis can be traced back to July 2‚ 1997‚ with many believing the start of the crisis was triggered in Thailand (King 439). On this day‚ the Thai government floated their currency‚ the Thai Baht‚ and it also went to the International Monetary Fund (IMF) for “technical assistance.” One by one‚ South-East Asian countries such as Thailand‚ Indonesia‚ South Korea and
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THE COLLAPSE OF THE BRETTON WOODS SYSTEM HAS MADE REDUNDANT THE WELL-DEFINED PURPOSE OF THE IMF WHEN IT WAS CREATED IN 1944. DO YOU THINK THE IMF HAS STILL A ROLE TO PLAY IN THIS 21ST CENTURY? Table of Content Pg 1.Introduction: History and role of the International Monetary Fund 2 2.The IMF after the collapse of Bretton Woods System 6 3.Criticisms of IMF 8 4.The world still need the IMF 13 5.Conclusion 16 6.Bibliography 18 1.INTRODUCTION
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Overview of the Thai Banking Industry To begin with‚ the overall structure of the Thai financial sector is mainly consisted of the Bank of Thailand (BOT)‚ governed by the Ministry of Finance‚ whose duties are to maintain financial stability of the economic system and to supervise financial institutions – commercial banks‚ finance companies‚ credit foncier companies‚ and non-bank such as credit card and other non-collateralized loan activities. Other key regulators within the Thai financial realm
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Group List Fung Chin Wang 52598931 Liu Wai Ho 52592350 Lin Yuen 52593960 Chan Kwok Leung 52610309 Group List Fung Chin Wang 52598931 Liu Wai Ho 52592350 Lin Yuen 52593960 Chan Kwok Leung 52610309 Content The Asian financial crisis in 1997……………………………………………………..…….……P.3 2008 financial Tsunami…………………………………………………………………..……………P.4 The Hong Kong Stock market ………………………………………………………………………P.7 The Hong Kong property market………………………………………………………….………P.10 Conclusion …………………………………………………………………………
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References: 12. Tourism Malaysia http://corporate.tourism.gov.my/aboutus.asp 13. Asian financial crisis‚ 1997-1998 http://infopedia.nl.sg/articles/SIP_1530_2009-06-09.html
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Fiscal Policy‚ Debt and Budget deficits in Thailand The size of Thailand government debt To judge the size of Thailand government debt is to compare it to the debt of other countries and to the debt that Thailand has had during the own past. Table 1 shows the amount of government debt for 34 countries express as a percentage of each country’s GDP in year 2009 and year 2010.On the top of the list are the heavily indebted countries of Japan and Italy‚ which have accumulated a debt that exceed
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place in order to recover from the crisis and display a positive turn in a period longer than five-years. After over a decade of miraculous grown in the economic and industrial markets‚ the South-East Asian market plummeted with the fall of the Thai baht. The
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16‚1997‚ which they offered corporate and correspondent banking services from there office located on wireless road. On July 2‚ the government reacted to the financial and property collapse of the economy by floating the baht (domestic currency) for the first time in thirteen years. Then the bleeding of the collapse of the market was finally sealed when the International Monetary Fund (IMF) intervened and started a 16.7 billion dollar bailout funding program to help Thailand recover from the financial
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FINA 0501 Asian Financial Institutions Term Paper 3rd May‚ 2013 An Overview of the Thailand Banking Sector Content Part I: Executive Summary p.3 Part II: Brief History: Thailand in the pre-1997 era p.3 Part III: Asian Financial Crisis 1997 and its impact on Thailand’s Economy p.4 Part IV: Financial Sector Master Plan (FSMP) p.6 Part V: Banking System of Thailand p.8 Part VI: Performance of the Banking Sector p.19 Part VII: The future of Thailand’s Banking
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Case Name: South East Asian Economic Crisis An economic crisis‚ which erupted in Thailand in mid-1997 and which soon spread to neighbouring countries—Malaysia‚ Indonesia‚ Philippines and South Korea— came to be popularly referred to as South-East Asian economic crisis (although South Korea is in East Asia and only the other countries are in South East Asia). A currency Crisis shows up when there is a speculative attack on the exchange rate‚ resulting in a devaluation of a pegged currency or sharp
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