Thailand: Selected Issues and Statistical Appendix

International Monetary Fund

No 2002/195, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper and Statistical Appendix examines the channels of monetary policy transmission in Thailand. The main findings are that changes in monetary policy are associated with changes in real output, and that the main channel for transmission is not bank lending but asset prices. The paper takes stock of the performance of the Thai corporate sector emerging from the crisis and discusses remaining challenges and vulnerabilities. An assessment of Thailand’s fiscal vulnerability is also presented.

Keywords: ISCR; CR; asset; debt; lending; interest rate; bank-lending channel; asset recovery; asset price; import duty; recovery from the crisis; Contingent liabilities; Fiscal stance; Emerging and frontier financial markets; Public enterprises; Europe; Africa; Asia and Pacific; East Asia; Global (search for similar items in EconPapers)
Pages: 120
Date: 2002-09-06
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Citations: View citations in EconPapers (5)

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