1999
DOI: 10.1111/1467-9701.00222
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What Happened to Thailand?

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Cited by 47 publications
(39 citation statements)
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References 3 publications
(4 reference statements)
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“…The collapse of the global economic crisis in 1997 was caused by the downfall of Thailand ' s real estate development business (Warr, 2000). Lauridsen (1998) and Quigley (2001) indicate that the key reasons for this crisis were the fi nancial institutions and real estate developers who lacked monetary discipline and neglected risks in real estate business, as well as lack of practical risk assessment and management techniques to resolve the consequences of risks.…”
Section: Real Estate Development In Thailandmentioning
confidence: 99%
See 1 more Smart Citation
“…The collapse of the global economic crisis in 1997 was caused by the downfall of Thailand ' s real estate development business (Warr, 2000). Lauridsen (1998) and Quigley (2001) indicate that the key reasons for this crisis were the fi nancial institutions and real estate developers who lacked monetary discipline and neglected risks in real estate business, as well as lack of practical risk assessment and management techniques to resolve the consequences of risks.…”
Section: Real Estate Development In Thailandmentioning
confidence: 99%
“…Thailand was the starting point of the global economic crisis in 1997 (Warr, 2000;Hilbers et al , 2001). The main factor responsible for economic crises is often traced to the behaviour of players in the real estate sector with regard to risks.…”
Section: Introductionmentioning
confidence: 99%
“…The district was a frontier region during the first six decades of the twentieth century until the 1970s and 1980s. During the decades leading up to the 1997 Asian Financial Crisis, Thailand experienced phenomenal economic growth and a shift in its economic base from agriculture to exports (Warr 1999). Around that time, the Nang Rong district began to experience changes related to development efforts such as road construction, electrification, and telecommunications improvements (Curran 1995;Rindfuss et al 2007;VanWey 2003).…”
Section: Settingmentioning
confidence: 99%
“…The collapse of the global economic crisis in 1997 was caused by the downfall of Thailand's real estate development business [10]. The key reasons for this crisis were regard to financial institutions and real estate developers who lacked monetary discipline and neglected risks in real estate business.…”
Section: An Overview Of Thailand Real Estate Business Contextmentioning
confidence: 99%