This book investigates the applicability of currency-crisis theory to the 1997 devaluation and subsequent collapse of the Thai Baht. It examines the specific economic conditions and policy decisions within Thailand that led to the crisis, contrasting them with established theoretical frameworks. The analysis aims to determine whether existing models adequately explain the events or if unique factors were at play.

The book is likely to be regarded as a specialized academic text for economists and historians focusing on international finance and Asian economic history. Its detailed analysis of currency-crisis theory in relation to a specific, significant event suggests it offers a rigorous examination for specialists in the field. The Princeton Studies in International Economics series typically publishes in-depth research, indicating this work is intended for an audience seeking detailed theoretical and empirical insights.