Role of Central Banks in Economic Crisis: Japan and Thailand

Bank of Thailand Story: 1997 Crisis

1:07:53 – 1:19:16

The IMF by the way asks countries to implement free-market policies except the IMF policies themselves are not free-market policies, they are credit guidance. You are forced to reduce your credit creation (now) turning this banking crisis into a massive recession. So essentially this combination of IMF and central bank caused this.

Bank of Japan Story: 1945 Crisis vs 1991 Crisis

1:00:05 – 1:07:53