Asian Crisis: 1997 & Its Impact on Thailand

Presented by,
Eby Johnson C
B1864, MBA
 As it Happens…
• 1997 July 2- Thai Baht was devaluated.
• 1997 July 12- IMF Intervened.
• 1997 Nov 2- Major Asian currencies plummeted.
• 1997 Dec 8-Many companies across world bankrupted.
• 1998 Mar 24- America started to provide food and
medical supplies to Indonesia.
• 1998 Oct 15- Federal reserve hiked interest rate twice.
Over Heated Economy
• Overheating of
an economy occurs
when its productive
capacity is unable to
keep pace with
growing aggregate
demand.
The Financial Contagion