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The Global Financial Crisis and Resilience of the Thai Banking Sector

Bhanupong Nidhiprabha
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Bhanupong Nidhiprabha: Asian Development Bank,

Asian Development Review, 2011, vol. 28, issue 2, 110-132

Abstract: The Thai economy is vulnerable to external shocks because of its high exposure to trade and capital flows. Despite its adverse consequences on the real sector of the Thai economy in 2009, the global financial crisis had little impact on the Thai financial sector. The healthy performance and resilience of Thai financial institutions can be attributed to the financial reforms undertaken after the Asian financial crisis and the favorable macroeconomic environment.

JEL-codes: G01 G21 G28 (search for similar items in EconPapers)
Date: 2011
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