10 Years after the crisis: Thailand's financial system reform
AbstractThis paper uses the framework of long-term financial system development to describe and assess the reform process in Thailand after 1997. The present financial reforms are well in line with the pattern of financial development found in the academic literature. A detailed analysis of capital markets, specialized financial institutions and supervisory regulation shows recent advancements and open issues. The rapid rise of non-banks financial institutions can serve as a paradigmatic example of market driven dynamism requiring appropriate policy action. Overall, the building of modern and sophisticated financial institutions is an ongoing process which should consider human resource constraints.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Asian Economics.
Volume (Year): 18 (2007)
Issue (Month): 1 (February)
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Web page: http://www.elsevier.com/locate/asieco
Other versions of this item:
- Menkhoff, Lukas & Suwanaporn, Chodechai, 2007. "10 Years after the Crisis: Thailand's Financial System Reform," Hannover Economic Papers (HEP) dp-356, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
- G2 - Financial Economics - - Financial Institutions and Services
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