Journal Article
Understanding the Korean and Thai currency crises
Abstract: This article reviews and interprets the recent currency crises in Korea and Thailand. The authors argue that a prime causes of the crises were large, unfunded government guarantees to railing financial sectors.
Keywords: Korea; Thailand; Financial crises; Money; Deficit financing;
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Bibliographic Information
Provider: Federal Reserve Bank of Chicago
Part of Series: Economic Perspectives
Publication Date: 2000
Volume: 25
Issue: Q III