IMF Staff Country Reports

Thailand: Selected Issues

Publication Date:

January 18, 2006

Electronic Access:

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Summary:

This Selected Issues paper for Thailand highlights the effect of higher global interest rates on Thailand and the relationship between financial crises and long-term potential growth. Since the Asian crisis, Thailand has adopted an inflation targeting regime, and has intervened in the foreign exchange market to prevent excessive baht volatility. The monetary tightening in the United States in 1994 has been followed by heightened bond market volatility and a widening of emerging countries’ credit spreads.

Series:

Country Report No. 2006/019

Subject:

Banking crises Credit Credit booms Currency crises Financial crises Money