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Cause 4-Fixed Exchange Rate RegimeFixed Exchange Rate Regime. Before the crisis, Thailand pursued the basket-pegged exchange rate regime. The value of the baht depended mostly on the U.S. dollar.

[PDF] Speculation and the Decision to Abandon a Fixed Exchange Rate RegimeFile Format: PDF/Adobe Acrobat - View as HTMLYour browser may not have a PDF reader available. Google recommends visiting our text version of this document.abandon the fixed exchange rate regime just before a speculative attack. But speculators would like. to predict this preemptive abandonment and exploit it ...
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