TOKYO -- On July 2, 1997, the baht plunged, as Thailand gave up the currency's dollar peg after being hit by short-selling.
Risks simmer in smaller economies as debt burden swells
The Thai baht's plunge on July 2, 1997, touched off the Asian financial crisis. Twenty-five years later, the region's resilience is being put to the test. © Reuters
TOKYO -- On July 2, 1997, the baht plunged, as Thailand gave up the currency's dollar peg after being hit by short-selling.