By Jomo Kwame Sundaram Kuala Lumpur (IPS) – After months of withstanding speculative attacks on its national currency, the Thai central bank let it ‘float’ on 2 July 1997, allowing its exchange rate to drop suddenly. Soon, currencies and stock…
By Jomo Kwame Sundaram Kuala Lumpur (IPS) – After months of withstanding speculative attacks on its national currency, the Thai central bank let it ‘float’ on 2 July 1997, allowing its exchange rate to drop suddenly. Soon, currencies and stock…