Jitsuchon, Somchai; Chalongphob Sussangkarn - 2009
This paper reviews Thailand's structural changes, the 1997 crisis experience, and recovery and lessons from the crisis … recovery from the 1997 crisis left Thailand more dependent than ever on exports as the main engine of growth, with the ratio of … learned from the 1997 crisis led to a more risk-averse financial system, and this helped Thailand avoid the direct impacts of …