A range of crises which affect several countries in Asia since July, causing fears that 2540 (1997) due to global economic collapse due to the spread of financial.The crisis began in Thailand Thailand said. When the value of the baht had decreased significantly due to the Government's decision, Thailand, which has a General Chavalit Yong mind battle is the Prime Minister of the floating baht. Break the reference currency USD After all efforts to support the baht value when dealing with expansion exceeded the financial model (financial overextension) severe, especially real estate-driven section. Country Thailand public debt burden, which puts the country in bankruptcy prior to fall of the value of money, and when it extends out of the crisis countries. The value of most countries in Southeast Asia and Japan, as well as the rift. Stock options and other assets, including the price and make it private debt soared [1]
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