Currency Crises: Thailand

Martin Feldstein and Takatoshi Ito, Organizers

Clickable conference materials are available at the end of the program.

THURSDAY, APRIL 22:

8:30 AM Continental Breakfast

9:00 AM Welcome

Introduction: Events

TAKATOSHI ITO, Hitotsubashi University and NBER

Thailand 1996-1997: Events leading to devaluation and initial IMF programs (up to December 1997)

VEERATHAI SANTIPROBHOB, Ministry of Finance, Bangkok

Thailand 1998-1999: Efforts to stabilize

OPEN DISCUSSION

Review of economic situations at critical junctures, major events, raising critical questions for discussion

10:15 AM Coffee Break

10:30 AM CRISIS PREVENTION 1994-1996

12:00 PM Lunch

1:30 PM CRISIS MANAGEMENT

3:00 PM Coffee Break

3:15 PM RECENT POLICY DEVELOPMENTS

3:45 PM BROADER LESSONS

4:30 PM REFORM

5:00 PM Adjourn

7:00 PM Informal Dinner - Location to be Announced

Conference Materials

TAKATOSHI ITO, Hitotsubashi University and NBER

The Development of the Thailand Currency Crisis: A Chronological Review

HARISH MEHTA

How the Baht Battle was Lost

TAKATOSHI ITO, Hitotsubashi University and NBER

LUIZ A. PEREIRA da SILVA, Bank of Japan

The Credit Crunch in Thailand During the 1997-98 Crisis

4/13/99