Q. i want to move, and buy cheap real estate in a nice place to live!
A. Thailand, but do it smart
How did the importance of hot money effect the 1997 Thailand financial crisis?
Q. Also... What other things contributed to the Thailand financial crisis?
A. Here's my attempt to answer your question:
Hot money has sideeffects �such as rapid monetary expansion, an excessive rise in aggregate demand, inflationary pressures, an appreciation of the real exchange rate...and a widening current account.� (Sharma, 79)
Other causes of the crash are that the Bank of Thailand wanted to compete with commercial banks and finance companies and therefore were willing to borrow a lot of money and lend them at low margins which meant they were taking risks they shouldn't have.
�The worst part was that most loans were denominated in foreign currency (about US$49 billion at the end of 1997�equivalent to 33 percent of GDP), with usually no hedging against currency depreciation. The bursting bubble destroyed many of the companies that had undertaken real-estate construction, and others who had provided finance.� (Sharma, 87)
�As foreign investors became concerned over Thailand's ability to repay its huge foreign debt, they began to move their money out of the country.� (Sharma, 88)
Hot money has sideeffects �such as rapid monetary expansion, an excessive rise in aggregate demand, inflationary pressures, an appreciation of the real exchange rate...and a widening current account.� (Sharma, 79)
Other causes of the crash are that the Bank of Thailand wanted to compete with commercial banks and finance companies and therefore were willing to borrow a lot of money and lend them at low margins which meant they were taking risks they shouldn't have.
�The worst part was that most loans were denominated in foreign currency (about US$49 billion at the end of 1997�equivalent to 33 percent of GDP), with usually no hedging against currency depreciation. The bursting bubble destroyed many of the companies that had undertaken real-estate construction, and others who had provided finance.� (Sharma, 87)
�As foreign investors became concerned over Thailand's ability to repay its huge foreign debt, they began to move their money out of the country.� (Sharma, 88)
How i can sale private island110 acres in Phuket, Thailand?
Q. i want to sale private island in Phuket, Thailand . It very nice island for invest hotel and resort, far from Phuket international airport 20 min and form pier and town 10 min.
A. Need to contact an international real estate broker to help you do that.
What salary can I ask for an internship in BANGKOK ?
Q. Hi,
I will soon have an interview for an internship in Bangkok (Thailand) and will be asked the question : how much to you expect to earn...
I was thinking about 20 000 baht. Does that seem fair ? Can I ask a bit more ?
(It's for an internship in a big european real estate agency based in bangkok.)
Cheers !!
I will soon have an interview for an internship in Bangkok (Thailand) and will be asked the question : how much to you expect to earn...
I was thinking about 20 000 baht. Does that seem fair ? Can I ask a bit more ?
(It's for an internship in a big european real estate agency based in bangkok.)
Cheers !!
A. If you are a French citizen as your profile shows you will need a non B type visa and a work permit to work in Thailand. If this place you will be doing your internship with is in the corporate sector (profit-making business).the minimum salary must be 50,000 baht to be eligible for a work permit.
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