Abstract
The Asian crisis caught every one off guard. Some were stunned by disbelief. “Whither the Asian cats?” was the response of others. At first glance, the crisis that started with the collapse of the Thai baht on July 2, 1997 sounded a beacon ending the Asian miracle. The currency crisis gave way to a much bigger economic and socio-political crisis.
I would like to thank Rajaguru Gulasekaran for his excellent research assistance. My thanks aer also due to Pradumna Rana and the participants of the “Contagion Conference” (February 3–4, 2000, IMF) for their comments on the paper. The financial support provided by Wider, World Bank, IMF and ADB is greatly appreciated.
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Abeysinghe, T. (2001). Thai Meltdown and Transmission of Recession within the ASEAN4 and NIE4. In: Claessens, S., Forbes, K.J. (eds) International Financial Contagion. Springer, Boston, MA. https://doi.org/10.1007/978-1-4757-3314-3_9
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DOI: https://doi.org/10.1007/978-1-4757-3314-3_9
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