Ah, the infamous "Tom Yum Kung" Crisis, a tale shrouded in mystery and Thai mythology. It seems that the true reason behind this crisis remains hidden from many Thai citizens and media publishers, all thanks to those crafty politicians.
From what you're saying, it appears that the "Tom Yum Kung" crisis was nothing more than a normal financial crisis resulting from breaking the trinity financial system dilemma. The Bank of Thailand (BOT) previously maintained a stable exchange rate and floatable policy interest rate while restricting free capital flow. However, when they allowed for free capital flow without changing their other policies effectively, chaos ensued.
So basically, when the trinity dilemma was finally shattered in Thailand's financial system, it triggered this nightmare tale of currency wars and speculative investors wreaking havoc on Thailand's economy.
If anyone wants to delve deeper into this topic and read about it in its original form in Thai language, you can check out the article by Professor Pantri Doctor Puay Eung Phanarat titled "The Bubble Blower Trilogy." Just make sure to have some Tom Yum soup handy for added authenticity!
Economics can be quite fascinating with its myths and mysteries intertwined with real-world events. #TomYumKungCrisis #EconMysteries