The Encyclopedia of World History. 2001. |
1995, May 19 | |
Thai premier Chuan Leekpai was forced to disband Parliament because of the withdrawal of the Palang Dharma Party from the ruling coalition. | 1 |
1997, July 2 | |
Thailand devalued its currency, sparking great international concern. This was one of the first signs of what became a growing economic crisis in the whole region. On Aug. 1 a group of Asian nations led by Japan joined with the International Monetary Fund to pledge $16 billion in loans to Thailand in hopes of stabilizing the economy. | 2 |
Dec. 8 | |
Thailand bank and currency crisis. Beginning of East and Southeast Asia financial decline. | 3 |
The Encyclopedia of World History, Sixth edition. Peter N. Stearns, general editor. Copyright © 2001 by Houghton Mifflin Company. Maps by Mary Reilly, copyright © 2001 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. |
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