Compound Depression in Thailand
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概要
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This paper identifies the main causes of the economic crisis of Thailand in 1997. The Thai crisis is the result of diffusion of the bubbles due to the financial liberalization and globalization, and it could be considered as a compound depression. This paper refers to the economic movements after the baht devaluation, and examines various policy measures adopted by the government under the supervision of the IMF. In order to prevent a similar economic bust in the future, the need for various alternative policy measures will be proposed.
- 関西学院大学の論文
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