In July 1997, Thailand fixed exchange rates in response to speculative attacks on the currency was the first Asian “tiger” economy into the system to give up. Begun investors flee Asia, and the crisis spread rapidly to other countries. Central banks spent billions of dollars to try and defend their currencies, only to seek emergency bailouts by the International Monetary Fund. This case provides a chronology of events during the Asian financial crisis of 1997 to the end of the first unraveled … Read more »

In July 1997, Thailand fixed exchange rates in response to speculative attacks on the currency was the first Asian “tiger” economy into the system to give up. Begun investors flee Asia, and the crisis spread rapidly to other countries. Central banks spent billions of dollars to try and defend their currencies, only to seek emergency bailouts by the International Monetary Fund. This case presents a chronology of the events that unraveled during the Asian financial crisis of 1997 to end of 1998.
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from
Laura Alfaro,
Rafael Di Tella,
Renee Kim
Source: Harvard Business School
15 pages.
Release Date: 7 February 2008. Prod #: 708001-PDF-ENG
Chronology of the Asian financial crisis HBR case solution

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