1. Dollar Daze.
- Author
-
McCormick, Lynde
- Subjects
- *
DEVALUATION of currency , *FINANCIAL crises , *FOREIGN exchange , *INTERNATIONAL finance , *ASIAN dollar market , *U.S. dollar , *WON (South Korean currency) - Abstract
Focuses on the devaluation of several Asian currencies relative to the American dollar. Changes in the Thai baht relative to the dollar; Example of a loan taken out by a Thai cement company from Citibank, illustrating the impact of the devalued baht; Devaluation of the Korean won relative to the dollar; Potential problems for Western banks who have loaned money to Asian countries; Efforts of the International Monetary Fund to bail out Asian countries undergoing currency crises.
- Published
- 1997