## Household Deleveraging: International Practices: Thailand

_Selected Issues Papers, May 9, 2025_

## Source details

**Canonical URL:** [Household Deleveraging: International Practices: Thailand](https://www.imf.org/en/publications/selected-issues-papers/issues/2025/05/09/household-deleveraging-international-practices-thailand-566886)

## Other formats

- [Markdown version](/en/publications/selected-issues-papers/issues/2025/05/09/household-deleveraging-international-practices-thailand-566886/index.md)
- [Structured JSON version](/en/publications/selected-issues-papers/issues/2025/05/09/household-deleveraging-international-practices-thailand-566886/index.json)
- [Bundle manifest](/en/publications/selected-issues-papers/issues/2025/05/09/household-deleveraging-international-practices-thailand-566886/bundle-manifest.json)

## Bibliographic details
- Authors: Ying Xu
- Published: May 9, 2025
- Series: Selected Issues Papers
- DOI: https://doi.org/10.5089/9798229010801.018

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### Overview and motivation
- Household sector over-indebtedness has been a critical issue in Thailand in recent years.
- The paper summarizes deleveraging measures implemented so far in Thailand.
- The study concentrates on measures addressing high levels of unsecured loans, deemed more relevant to Thailand’s current risk profile.

### Comparative case studies
- Four country case studies are presented:
  - Brazil
  - Hungary
  - Korea
  - Malaysia
- Focus of the case studies:
  - Measures introduced by authorities to address high levels of unsecured loans.
  - Lessons drawn that are most relevant to Thailand’s situation.

### Other international experiences reviewed
- Brief overview of other relevant international experiences in:
  - Facilitating debt rehabilitation
  - Debt forgiveness
  - Bankruptcy

### Conclusions and policy guidance
- The study concludes by suggesting a comprehensive, multi-pronged approach to household deleveraging in Thailand.
- Key policy dimensions implicit in the study’s scope (as derived from the case study focus and international overview):
  - Combining regulatory, supervisory, and social-support measures to address unsecured household debt.
  - Leveraging international experiences in debt rehabilitation, forgiveness, and bankruptcy frameworks to inform domestic policy design.

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## Content in this bundle

- **Household Debt**
  - [Household Debt (Markdown version)](/-/media/files/publications/selected-issues-papers/2025/english/sipea2025055.pdf.md){rel="alternate" type="text/markdown"}
  - [Household Debt (PDF)](/-/media/files/publications/selected-issues-papers/2025/english/sipea2025055.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/selected-issues-papers/issues/2025/05/09/household-deleveraging-international-practices-thailand-566886_