Results 1 - 1 of 1 for PRIME [Author: Andreas M. Fischer]
The Mechanics of a Successful Exchange Rate Peg: Lessons for Emerging Markets - Review
To the surprise of many market watchers, Thailand’s exchange rate peg to the dollar collapsed in July 1997, leading to similar rounds of currency devaluations in other East Asian countries. This study seeks to determine whether there were identifiable contrasts in implementation between Thailand’s peg and a perennially successful peg—Austria’s peg to the Deutsche mark—that would have hinted at problems for Thailand prior to July 1997.
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