Thai banknotes on display at a restaurant in Bangkok, before they are donated to a temple. Photo: May Tse

Thailand’s hot money problem: echoes of the 1997 Asian financial crisis

William Pesek says a strong baht doesn’t change the fact that Thailand’s military leaders need to make sweeping changes befitting a modern economy to compete with Asian heavyweights

Topic |   Foreign exchange market

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Thai banknotes on display at a restaurant in Bangkok, before they are donated to a temple. Photo: May Tse
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William Pesek

William Pesek

William Pesek is a Tokyo-based journalist, former columnist for Barron’s and Bloomberg and author of “Japanization: What the World Can Learn from Japan’s Lost Decades”. Twitter: @williampesek