The Quality of Financial Infrastructure and Financial Resilience: Contrasting Taiwan and Thailand

H. Peter Gray ()
Additional contact information
H. Peter Gray: Rutgers University, USA

Review of Pacific Basin Financial Markets and Policies (RPBFMP), 2002, vol. 05, issue 02, 181-194

Abstract: The experiences of Taiwan and Thailand following the 1997 crisis of the baht provide evidence of the importance of the quality of the financial infrastructure of a country in its ability to deal with unstable financial markets. The very high quality of the financial infrastructure in Taiwan (together with its peripheral role in the crisis itself) enabled its economy to escape relatively unscathed. In contrast, a lack of sophisticated financial institutions and nonfinancial firms both triggered the crisis in Thailand and required the Thai economy to experience its full force.

Keywords: Financial crisis; Financial infrastructure; Thailand; Taiwan (search for similar items in EconPapers)
JEL-codes: G1 G2 G3 (search for similar items in EconPapers)
Date: 2002
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S0219091502000778
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:rpbfmp:v:05:y:2002:i:02:n:s0219091502000778

Ordering information: This journal article can be ordered from

DOI: 10.1142/S0219091502000778

Access Statistics for this article

Review of Pacific Basin Financial Markets and Policies (RPBFMP) is currently edited by Cheng-few Lee

More articles in Review of Pacific Basin Financial Markets and Policies (RPBFMP) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().