[PDF] An Evaluation Of Financial Crisis In Thailand eBook

Author : Wacharachai Pusit
Publisher :
Page : 76 pages
File Size : 23,44 MB
Release : 1998-06-01
Category : Financial crises
ISBN : 9781423559641

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After implementation of the National Economic and Social Development Plan (1961-1966), Thailand experienced increasing high rates of economic growth. However by mid 1997, Thailand's economy was slipping into the so-called "Thailand financial crisis": falling property prices, slowing exports, rising trade deficits, and the devaluation of the Thai baht. This raises concern about the future. The purpose of this thesis is to examine Thai economic policies leading up to current crisis. Using hypothesis of Williamson and Haggard, the country's economic reforms will be evaluated. From these finding, several conclusions will be drawn concerning the country's economic future.

Author : Tull Traisaorat
Publisher : Springer
Page : 474 pages
File Size : 13,56 MB
Release : 2000-02-23
Category : Law
ISBN :

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This book takes as its focus the current supervisory and regulatory framework for bank supervision in Thailand and the Thai authorities' efforts to modernise and restructure the Thai banking system. It examines the obstacles to this restructuring, which include the current economic difficulties in Thailand and the East Asia region as well as more fundamental historical, cultural and socio-economic factors that underpin Thai society. The book looks at the numerous banking statutes put in place in Thailand in the past sixty years, including legislation of the 1980s in response to problems involving fraud, insider dealing and solvency concerns. It examines how historically ambiguous structures of governmental responsibility and power, and a heavy emphasis on government discretion in regulation, have so far inhibited the effectiveness of this extensive body of legislation in developing a sound modern banking system. There follows an in-depth analysis of the 1997-1998 Thai Banking Crisis and ways in which lessons can be learned to avoid similar crises in future. The author argues for a greater degree of transparency in the regulatory process to bring it into line with internationally accepted standards, for increased supervisory implementation and enforcement by Thai governmental authorities, and for the ultimate depoliticisation of the bank regulatory and supervisory processes.

Author : Pasuk Phongpaichit
Publisher :
Page : 288 pages
File Size : 20,58 MB
Release : 2000
Category : Economic assistance
ISBN :

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This is a review of what the IMF did, who got hurt, what worked and what failed in the economic and social management of Thailand's economic crisis. It shows how political change got bound up with economic crisis, resulting in a new constitution, a seismic shift in the political landscape and greater asssertiveness by civil society. It examines how the economic turmoil changed the ways people reacted to political scandal, viewed their own society and imagined their future. The final chapters review the changes and lessons from 1997-2000 and speculate on how these changes will frame the future.

Author : Peter Warr
Publisher : Routledge
Page : 368 pages
File Size : 22,41 MB
Release : 2004-09-09
Category : Business & Economics
ISBN : 1134541554

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Thailand Beyond the Crisis includes recent research to give an accurate and up to date picture of the status of Thailand's economic recovery. The Asian economic crisis began in Thailand and ended a decade of sustained economic boom. This book identifies the role of policy errors involving both the Thai government and the IMF that lead to the crash of the fastest growing economy in the world. Warr addresses the consequences of the crisis, including sharply increased poverty incidence and a backlog of non- performing loans which clogged the banking system, delaying recovery. Key content includes: * the Social Consequences of the crisis, and alternatives * public sector reform * implications of a floating exchange rate * education * urbanisation and the environment.

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 136 pages
File Size : 27,97 MB
Release : 2019-10-07
Category : Business & Economics
ISBN : 1513516485

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This Financial System Stability Assessment paper on Thailand highlights that assets of the insurance and mutual fund sectors have doubled as a share of gross domestic product over the last decade, and capital markets are largely on par with regional peers. The report discusses significant slowdown in China and advanced economies, a sharp rise in risk premia, and entrenched low inflation would adversely impact the financial system. Stress tests results suggest that the banking sector is resilient to severe shocks and that systemic and contagion risks stemming from interlinkages are limited. Financial system oversight is generally strong, but the operational independence of supervisory agencies can be strengthened further. The operational independence of supervisory agencies can be strengthened further by reducing the involvement of the Ministry of Finance in prudential issues and ensuring that each agency has full control over decisions that lie within its areas of responsibility.

Author : Carl-Johan Lindgren
Publisher :
Page : 103 pages
File Size : 26,68 MB
Release : 1999
Category : Business & Economics
ISBN : 9781557758712

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An IMF paper reviewing the policy responses of Indonesia, Korea and Thailand to the 1997 Asian crisis, comparing the actions of these three countries with those of Malaysia and the Philippines. Although all judgements are still tentative, important lessons can be learned from the experiences of the last two years.

Author : International Monetary Fund
Publisher :
Page : 99 pages
File Size : 33,72 MB
Release : 2009
Category : Banks and banking
ISBN : 9781451836868

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This paper discusses key findings of the Financial System Stability Assessment (FSSA) on Thailand. The assessment reveals that the soundness of Thailand's financial system has been strengthened since the financial crisis of the late 1990s. Substantial progress has been made in upgrading the regulatory and supervisory system and improving macroeconomic management. Banking fundamentals have strengthened, with most Thai banks reporting high levels of capital and solid profitability. Private corporations, which are the banks' primary borrowers, have also strengthened their balance sheets and reduced leverage.