สาเหตุเหล่านี้ได้นำพาประเทศไทยไปสู่

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:

These 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 causes can lead to a confrontation with the 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 fallFollowed 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 banksIn 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.