Is the Asian currency crisis over?
There are two possible models that throw light on this question. Thailand and the other Asean countries affected by sell-offs of their currencies and stock markets over the summer might follow the pattern of Mexico in the peso crisis of January 1995. Mexico returned quickly to economic growth on the back of a big injection of capital from the IMF (and the US government), by selling most of its banks – after bailing them out with public money – to foreigners, and by forcing ailing companies to disappear.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
