In July 1997,, Thailand became the first Asian "tiger" economy to the to abandon its system of fixed exchange of courses in response to the of speculative attacks on its currency. Investors began, to to flee from Asia, the and crisis of quickly has spread, to by other countries. To central banks have spent billions of of dollars,, to have a try and defend their currencies of, only to to address urgently to bailout of from the International Monetary the Fund. This case represents a chronology of out of events, which unraveled during the Asian financial crisis from 1997 to the end of 1998. «Hide
on Laura Alfaro, Rafael di Tella, Rene Kim Source: Harvard Business School 15 pages. Publication Date: February 7, 2008. Prod. #: Seven hundred eight thousand and one-PDF-ENG