Research Paper on:
Thai Baht Evaluation Failure Evaluation

Unformatted Sample Text from the Research Paper:
a whole. Prior to the Asian Economic Crisis, Thailand held the strongest economic position in all of Southeast Asia. The countrys financial situation was strong and, for the  most part, it maintained a stable monetary system. However, all of that changed quite drastically in July, 1997, when the plummet of the Thai baht sent its entire economic  status into a tailspin, ultimately threatening the worlds economy, as well. The most prominent forewarning of what was to come based upon Thailands country risk assessment was a combination of  bad financial ventures and a "monopoly of power exercised by some Asian leaders" (Anonymous, 1998, p. PG) ultimately branded for triggering the economic downfall and eventually sending the country into  financial collapse. When establishing which variables and/or evaluation techniques did or did not accurately reflect the country risk, one can look to the  fact that one particularly disturbing factor that could have foreseen the financial fall: The way in which business had been handled for decades. The Asian government has had a  large role in their banking practices since the 1960s, where political influence was one of the main, if not the only, criterion in appointing bank directors. Clearly, the well-known  power struggle within the Asian system can be blamed for at least part of the collapse. As a direct result, the government kept close tabs on where capital went  and to whom. Of course, some borrowers were more highly favored than others because of their proper connections. Furthermore, there was no accurate system of checks and balances  in place with shareholders left in the dark, because no one involved saw the need to answer for their actions (Graham, 1998). Determining if there was any public evidence of