Two years have now passed since Thailand began to exhaust its foreign exchange reserves in a futile defense of the baht, setting in motion a chain of events that developed into an Asian financial crisis, and then later into a global financial crisis.
Two years have now passed since Thailand began to exhaust its foreign exchange reservesin a futile defense of the baht, setting in motion a chain of events that developed into an Asianfinancial crisis, and then later into a global financial crisis.