Thailand: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2006 Issue 019

Publication date: January 2006

ISBN: 9781451836837

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Finance , Economics- Macroeconomics , Money and Monetary Policy , ISCR , CR , world interest rates , monetary policy , BCPS ratio , growth rate , growth events , credit bubble , credit growth , credit spread , Credit booms , Banking crises , Credit , Currency crises , Global , East Asia

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Summary

This Selected Issues paper for Thailand highlights the effect of higher global interest rates on Thailand and the relationship between financial crises and long-term potential growth. Since the Asian crisis, Thailand has adopted an inflation targeting regime, and has intervened in the foreign exchange market to prevent excessive baht volatility. The monetary tightening in the United States in 1994 has been followed by heightened bond market volatility and a widening of emerging countries’ credit spreads.