การโจมตีค่าเงินบาทthese keys led Th

การโจมตีค่าเงินบาท
these keys led Thailand's economy faced a crisis in 1997
สาเหตุเหล่านี้ได้นำพาประเทศไทยไปสู่การเผชิญหน้ากับวิกฤตการณ์ทางการเงินในปี1997
You may more specifically also reflect that the participants in the interbank market enjoy access to large deposits, better management of exchange rate risks and opportunities for profit.

-Large imports financed by foreign investments (implying current account deficit and financial account surplus), including borrowing by domestic firms from the cheaper foreign markets. Thus, once the foreign investors were concerned and foreign capital inflow stopped, it was hard for the Thai government to maintain the exchange rate; and with the currency's fall, followed by neighbouring countries' devaluations to maintain competitiveness, the crisis evolved.
-Also, the context embodied a situation of crony capitalism; and dealings were often influenced by relationship with government officials, rather than market driven factors. Thus, unethical practises also contributed to the crisis.
-The deregulation of market and banks, in a context arguably unprepared for associated dynamism, also led to the situation.
There are several lessons, including:
-The importance of rationally halting local expansion and boosting foreign currency reserve to hedge against similar attacks in the face of such crisis.
-Also, the importance of good corporate governance to protect against unethical practices.
The crisis was addressed by government intervention and institutional reforms, especially with programs targeting financial account deficit.


For P7, could mention that the applicable formula is due to expression of the rates in foreign currency terms.

Results (English) 1:

The attack on the Thai bahtthese keys led Thailand's economy faced a crisis in 1997These reasons have led the country in Thailand to face financial crisis in 1997.You may more specifically also reflect that the participants in the interbank market enjoy access to large deposits, better management of exchange rate risks and opportunities for profit.-Large imports financed by foreign investments (implying current account deficit and financial account surplus), including borrowing by domestic firms from the cheaper foreign markets. Thus, once the foreign investors were concerned and foreign capital inflow stopped, it was hard for the Thai government to maintain the exchange rate; and with the currency's fall, followed by neighbouring countries' devaluations to maintain competitiveness, the crisis evolved. -Also, the context embodied a situation of crony capitalism; and dealings were often influenced by relationship with government officials, rather than market driven factors. Thus, unethical practises also contributed to the crisis.-The deregulation of market and banks, in a context arguably unprepared for associated dynamism, also led to the situation.There are several lessons, including:-The importance of rationally halting local expansion and boosting foreign currency reserve to hedge against similar attacks in the face of such crisis.-Also, the importance of good corporate governance to protect against unethical practices.The crisis was addressed by government intervention and institutional reforms, especially with programs targeting financial account deficit. For P7, could mention that the applicable formula is due to expression of the rates in foreign currency terms.

Results (English) 3:

these devaluation keys led Thailand 's economy faced a crisis in 1997
these causes has led the country to การเผชิญหน้ากับ financial crisis in 1997
You. May more specifically also reflect that the participants in the interbank market enjoy access to, large depositsBetter management of exchange rate risks and opportunities for profit.

- Large imports financed by foreign investments. (implying current account deficit and financial account surplus), including borrowing by domestic firms from the cheaper. Foreign markets. Thus once the, foreign investors were concerned and foreign capital, inflow stoppedIt was hard for the Thai government to maintain the exchange rate; and with the currency 's fall followed by, neighbouring. Countries' devaluations to, maintain competitiveness the crisis evolved.
- Also the context, embodied a situation of crony. Capitalism; and dealings were often influenced by relationship with government officials rather than, market driven factors.? Thus.Unethical practises also contributed to the crisis.
- The deregulation of market and banks in a, context arguably unprepared. For, associated dynamism also led to the situation.
There are, several lessons including:
- The importance of rationally. Halting local expansion and boosting foreign currency reserve to hedge against similar attacks in the face of such crisis.
-, Also