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Currency Crises and the Real Economy: The Role of Banks

Listed author(s):
  • Piti Disyatat

    (Bank of Thailand)

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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File URL: http://www.bot.or.th/Thai/EconomicConditions/Publication/DiscusPaper/DocLip_discussion/dp012002piti.pdf
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Paper provided by Monetary Policy Group, Bank of Thailand in its series Working Papers with number 2002-08.

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Length: 26 pages
Date of creation: Feb 2002
Handle: RePEc:bth:wpaper:2002-08
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  17. Maurice Obstfeld, 1994. "The Logic of Currency Crises," NBER Working Papers 4640, National Bureau of Economic Research, Inc.
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