EVENT INFORMATION

2
July
1997

Asian financial crisis begins with the Thai baht’s collapse

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📅 2 July 1997 📍 Thailand

The crisis exposed the vulnerability of developing economies to volatile capital flows and external financial pressures. It echoed NAM’s older demand for a fairer economic system, now under conditions shaped by financial globalization.

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People in this event

Chavalit Yongchaiyudh

Organizations in this Event

Thailand

International Monetary Fund