Thailand: Selected Issues

International Monetary Fund

No 2006/019, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: 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 (search for similar items in EconPapers)
Pages: 46
Date: 2006-01-18
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Citations: View citations in EconPapers (1)

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