In the first half of 1997, the Bank of Thailand maintained a fixed exchange rate of 26
Question:
(a) Why was this transaction profitable?
(b) What risks were associated with this method of financing?
(c) Describe the impact of a depreciation of the baht on the balance sheets of Thai banks involved in these transactions. Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...
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a Bankers could borrow money in Japan at a low rate and lend in Thailand at a high rate Because the ...View the full answer
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Related Book For 
Money Banking and Financial Markets
ISBN: 978-0078021749
4th edition
Authors: Stephen Cecchetti, Kermit Schoenholtz
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