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Paper #013248 :: Thailand's Economic Crisis & The Triangle of Impossibility Economic Model
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Detailed analysis of Thailand's 1997 financial crisis. Discusses the "Triangle of Impossibility" model, which consists of a fixed currency rate, free capital movement, & an independent monetary policy.

Written in 1997; 2,250 words; 13 sources; $ 79.95

From the Paper:

" Thailand's Economic Crisis and the
"Triangle of Impossibility" Economic Model

Introduction
The "Triangle of Impossibility" economic model theorizes that it is dangerous, if not impossible for a small economy to maintain three desirable (politically) yet contradictory national goals. When it does, the end result is a macroeconomic crisis like the one currently going on in Thailand today (Na Thalang, 1997, 14). The three paths that Thailand is pursuing, suggests Na Thalang, are a fixed foreign exchange regime, free capital movement, and an independent monetary policy. After a brief economic snapshot of Thailand, these three divergent paths will be explored to determine if: A) the theory is valid, and B) if it.."

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