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...
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| Corporate Authors: | , |
| Other Authors: | , |
| Format: | eBook |
| Language: | English |
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Washington, DC (1818 H St., NW, Washington 20433)
Financial Sector Strategy and Policy Dept
1999
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| Series: | Policy research working paper
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| Collection: | World Bank E-Library Archive - Collection details see MPG.ReNa |
| Summary: | 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 |
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| Item Description: | "September 1999"--Cover. - Includes bibliographical references (p. 50-52) |
| Physical Description: | 61 p ill 28 cm |