The Asian financial crisis of 1997, 2540 or call the General domestic crisis that Thailand Tom yum Kung is during emergencies which affect several countries in Asia, starting with the July 2540, causing fear that the economic meltdown will occur around the world because of the epidemic of financial.The crisis began in Thailand, such countries. When the value of the baht is greatly reduced due to the Government's decision to float the baht Thailand. The cut, based on us dollars After all efforts to support the baht depreciates when faced with an expanded form too much financial (financial overextension) severe, especially the driving section of real estate at the time. Country Thailand public debt, which makes the country is in a State of bankruptcy prior to the collapse of the value of money and, when such a crisis, expanding out of the country. Currencies of most countries in Southeast Asia and Japan, it has collapsed as well. The stock market dropped and the price of other assets, including common and makes private debt increased.
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