PUBLICATIONS & REPORTS
PUBLICATIONS & REPORTS
From Kitakyushu to the world: AGI, a research institute that studies Asia's economy and society
The Thai Financial Sector after the Bubble Economy
| Author | Chollada Luangpituksa |
|---|---|
| Date of Publication | 1999. 3 |
| No. | 1999-05 |
| Download | 410KB |
Contents Introduction
This paper is a study of the causes of Thai bubble which finally led to the financial crisis in 1997 and the effect of the bubble's collapse on the Thai financial sector especially financial companies and commercial banks. The financial restructuring and the measures of the Thai authorities and the IMF financial and technical assistance as well as some policy suggestions will be discussed. The events leading up to the speculative attacks on the Thai baht and the eventual decision to float the baht on July 2, 1997 are examined in some detail. Policy recommendations to spur the recovery of Thailand from its economic debacle are also provided.