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Thailand: an imbalance of payments What led to the Balance of Payment problems in Thailand? Explain the role played by the speculators in real estate
Thailand: an imbalance of payments
- What led to the Balance of Payment problems in Thailand?
- Explain the role played by the speculators in real estate and financial market in compounding the balance of payment crisis in Thailand.
- Refer to Mundell Fleming model of impossible trinity - Do you think Thailand's Central Bank was trying to maximize capital inflow along with fixed exchange rate and monetary independence. Why and Why not?
- What role the Thailand Government and their Central Bank should have taken for mitigating the situation.
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