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Currency Crises and the Real Economy: The Role of Banks

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  • Piti Disyatat

    (Bank of Thailand)

Abstract

In this study, a computable general equilibrium model is developed and is used as a tool for measuring and analysing structural changes in the Thai economy. The technique of historical simulation is used to trace the patterns of structural changes during 1990 to 1995. These patterns of structural changes are classified into five major factors, i.e. technology, taste, trade, investment, and general macro factors. After obtaining results of structural changes (from historical simulation), decomposition simulation is carried out to quantify the contributions of structural changes to the output growth of industries and the growth of selected macro variables.

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  • Piti Disyatat, 2002. "Currency Crises and the Real Economy: The Role of Banks," Working Papers 2002-08, Monetary Policy Group, Bank of Thailand.
    • Handle: RePEc:bth:wpaper:2002-08
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    References listed on IDEAS

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