On 2nd July 1997 the Bank of Thailand allowed the baht to float, thus ending its struggle to maintain the peg with the US$ in the face of massive speculative attacks, during which the country’s foreign reserves were almost entirely exhaust. The collapse of the Thai currency was rapidly followed by similar events in Indonesia,...Read More
About the GPI
The Global Policy Institute is a research institute on international affairs. It is based in the City of London, and draws on both a rich pool of international thinkers, academics as well as policy and business professionals. The Institute gives non-partisan guidance to policymakers and decision takers in business, government, and NGOs.
