Distressed Financial Institutions in Thailand: Structural Weaknesses. Support Operations and Economic Consequences

International Monetary Fund

No 1989/004, IMF Working Papers from International Monetary Fund

Abstract: The Thai financial system faced a crisis in 1983. Weak managerial practices and an inadequate legal and regulatory framework were associated with a gradual deterioration in many financial institutions’ balance sheets; these weaknesses were brought to the fore by a sharp economic downturn in the first half of the 1980s. The Thai authorities took a number of measures to maintain stability in the financial system and to restructure insolvent financial institutions, including a substantial strengthening in the legal and regulatory framework. The crisis has impacted on the government budget deficit and caused shifts in the demand for financial aggregates and the supply of reserve money.

Keywords: WP; economic activity; financial system; central bank; financial crisis; private sector; bank loan; balance of payments; insolvent company; equity capital; monetary policy; Commercial banks; Trade balance; Loans; Securities; Asia and Pacific (search for similar items in EconPapers)
Pages: 46
Date: 1989-01-01
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