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 InfoPaper provided by Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät in its series Diskussionspapiere der Wirtschaftswissenschaftlichen Fakultät der Leibniz Universität Hannover with number dp-356.
Length: 25 pages
Date of creation: Jan 2007
Date of revision:
Financial institutions; financial development; Thailand;
Other versions of this item:
- Menkhoff, Lukas & Suwanaporn, Chodechai, 2007. "10 Years after the crisis: Thailand's financial system reform," Journal of Asian Economics, Elsevier, vol. 18(1), pages 4-20, February.
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
- G2 - Financial Economics - - Financial Institutions and Services
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-02-10 (All new papers)
- NEP-BAN-2007-02-10 (Banking)
- NEP-HIS-2007-02-10 (Business, Economic & Financial History)
- NEP-SEA-2007-02-10 (South East Asia)
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