Lessons Learned from Thailand's Experience with Financial-sector Restructuring
Author: Veerathai Santiprabhob
Publisher:
Published: 2003
Total Pages: 100
ISBN-13:
DOWNLOAD EBOOK →Lanterna Rally
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Thailand:Financial Sector Reform and the East Asian Crises
Author: Tull Traisaorat
Publisher: Springer
Published: 2000-02-23
Total Pages: 474
ISBN-13:
DOWNLOAD EBOOK →This book takes as its focus the current supervisory and regulatory framework for bank supervision in Thailand and the Thai authorities' efforts to modernise and restructure the Thai banking system. It examines the obstacles to this restructuring, which include the current economic difficulties in Thailand and the East Asia region as well as more fundamental historical, cultural and socio-economic factors that underpin Thai society. The book looks at the numerous banking statutes put in place in Thailand in the past sixty years, including legislation of the 1980s in response to problems involving fraud, insider dealing and solvency concerns. It examines how historically ambiguous structures of governmental responsibility and power, and a heavy emphasis on government discretion in regulation, have so far inhibited the effectiveness of this extensive body of legislation in developing a sound modern banking system. There follows an in-depth analysis of the 1997-1998 Thai Banking Crisis and ways in which lessons can be learned to avoid similar crises in future. The author argues for a greater degree of transparency in the regulatory process to bring it into line with internationally accepted standards, for increased supervisory implementation and enforcement by Thai governmental authorities, and for the ultimate depoliticisation of the bank regulatory and supervisory processes.
Lessons from the World Bank's Experience of Structural Adjustment Loans (SALs)
Author: Chaipat Sahasakul
Publisher:
Published: 1992
Total Pages: 130
ISBN-13:
DOWNLOAD EBOOK →Gives an introduction and an overview of macroeconomic performance. Presents a historical summary of structural adjustment loans in Thailand starting from policy recommendation mande by the World Bank in 1980 to selected SAL issues. Presents details of findings from the interview method.
Financial Sector Crisis and Restructuring
Author: Carl-Johan Lindgren
Publisher:
Published: 1999
Total Pages: 103
ISBN-13: 9781557758712
DOWNLOAD EBOOK →An IMF paper reviewing the policy responses of Indonesia, Korea and Thailand to the 1997 Asian crisis, comparing the actions of these three countries with those of Malaysia and the Philippines. Although all judgements are still tentative, important lessons can be learned from the experiences of the last two years.
Financial Sector Crisis and Restructuring
Author: Leslie Teo
Publisher:
Published: 1999
Total Pages: 0
ISBN-13:
DOWNLOAD EBOOK →This paper reviews the policy responses of Indonesia, Korea, and Thailand to the Asian crisis that erupted in 1997 and compares the actions of these three countries with those of Malaysia and the Philippines, which were buffeted by the crisis. Although work is still under way in all the affected countries, and thus any judgements are necessarily tentative, important lessons can be learned from the various experience of the last two years.
Corporate Restructuring
Author: Michael Pomerleano
Publisher:
Published: 2005
Total Pages: 440
ISBN-13:
DOWNLOAD EBOOK →"This timely volume takes an in-depth look at the efforts to fight corporate crisis in Indonesia, Korea, Malaysia, and Thailand, among others, and discusses the vital role of governments in securing and enabling legal system, effective out-of-court workouts, supportive tax regimes, and complementary policy and regulatory initiatives to confront systemic corporate distress." --Résumé de l'éditeur.
Two Crises, Different Outcomes
Author: T. J. Pempel
Publisher: Cornell University Press
Published: 2015-05-06
Total Pages: 280
ISBN-13: 0801455014
DOWNLOAD EBOOK →Two Crises, Different Outcomes examines East Asian policy reactions to the two major crises of the last fifteen years: the global financial crisis of 2008–9 and the Asian financial crisis of 1997–98. The calamity of the late 1990s saw a massive meltdown concentrated in East Asia. In stark contrast, East Asia avoided the worst effects of the Lehman Brothers collapse, incurring relatively little damage when compared to the financial devastation unleashed on North America and Europe. Much had changed across the intervening decade, not least that China rather than Japan had become the locomotive of regional growth, and that the East Asian economies had taken numerous steps to buffer their financial structures and regulatory regimes. This time Asia avoided disaster; it bounced back quickly after the initial hit and has been growing in a resilient fashion ever since. The authors of this book explain how the earlier financial crisis affected Asian economies, why government reactions differed so widely during that crisis, and how Asian economies weathered the Great Recession. Drawing on a mixture of single-country expertise and comparative analysis, they conclude by assessing the long-term prospects that Asian countries will continue their recent success.
Experience of Asian Asset Management Companies
Thailand
Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
Published: 2019-10-07
Total Pages: 136
ISBN-13: 1513516485
DOWNLOAD EBOOK →This Financial System Stability Assessment paper on Thailand highlights that assets of the insurance and mutual fund sectors have doubled as a share of gross domestic product over the last decade, and capital markets are largely on par with regional peers. The report discusses significant slowdown in China and advanced economies, a sharp rise in risk premia, and entrenched low inflation would adversely impact the financial system. Stress tests results suggest that the banking sector is resilient to severe shocks and that systemic and contagion risks stemming from interlinkages are limited. Financial system oversight is generally strong, but the operational independence of supervisory agencies can be strengthened further. The operational independence of supervisory agencies can be strengthened further by reducing the involvement of the Ministry of Finance in prudential issues and ensuring that each agency has full control over decisions that lie within its areas of responsibility.
Why Was Asia Resilient? Lessons from the Past and for the Future
Author: Mr.Phakawa Jeasakul
Publisher: International Monetary Fund
Published: 2014-02-26
Total Pages: 48
ISBN-13: 1475540280
DOWNLOAD EBOOK →Asia proved to be remarkably resilient in the face of the global financial crisis, but why was its output performance stronger than that of other regions? The paper shows that better initial conditions—in the form of lower external and financial vulnerabilities—contributed significantly to Asia’s resilience. Key pre-crisis factors included moderate credit expansion, reliance on deposit funding, enhanced bank asset quality, reduced external financing, and improved current accounts. These improvements reflected the lessons from the Asian financial crisis in the late 1990s, which helped reshape both public policies and private sector behavior. For example, several countries stepped up their use of macroprudential policies, well before they were recognized as an essential component of the financial stability toolkit. They also overhauled financial regulations and strengthened oversight of financial institutions, which helped reduce risk-taking by households and firms before the global financial crisis. Looking ahead, Asia is in the process of adjusting to more volatile external conditions and higher risk premiums. By drawing the right lessons from its pre-crisis experiences, Asia’s economies will be better equipped to address new risks associated with increased cross-border capital flows and greater integration with the rest of the world.
