Financial liberalization and the capital account: Thailand, 1988-1997

Thailand's economic crisis in 1997 was fundamentally one of private sector debt, rooted in private behavior that affected the magnitude and composition of investment and how it was financed. Thailand's crisis provides further evidence that financial liberalization must be carefully managed...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
1. Verfasser: Alba, Pedro (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, DC (1818 H St., NW, Washington 20433) ; s.l. Financial Sector Strategy and Policy Dept 1999
Schriftenreihe:Policy research working paper 2188
Schlagworte:
Online-Zugang:Volltext
Zusammenfassung:Thailand's economic crisis in 1997 was fundamentally one of private sector debt, rooted in private behavior that affected the magnitude and composition of investment and how it was financed. Thailand's crisis provides further evidence that financial liberalization must be carefully managed because, by increasing competition, it lowers the franchise value of existing financial institutions and creates incentives for unsound banking practices
Beschreibung:"September 1999"--Cover. - Includes bibliographical references (p. 50-52)
Erscheinungsjahr in Vorlageform:[1999]
Beschreibung:1 Online-Ressource (61 Seiten) Illustrationen 28 cm