The crisis began in Thailand, such countries. When the value of the baht is greatly reduced due to the decision of the Government of Thailand which have a standout as Prime Minister Chavalit Yong battle mind that floating the baht value. 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 [1].
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