1997 Thai Currency Crisis. ECON 462 Professor Castillo Spring 2011. Team 4 Abdiqani Hassan Louisa Pangilinan Yang Qichen. Causes of the Crisis. Baht was pegged to the U.S. dollar U.S. dollar appreciated, Thailand became less competitive Net exports declined
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BUT DID THAT REALLY HELP???
IMF badly misjudged the severity of the economic downturn