Financial Sector Policy In Thailand PDF Download
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Author | : William Russell Easterly |
Publisher | : World Bank Publications |
Total Pages | : 73 |
Release | : 1990 |
Genre | : Banks and banking |
ISBN | : |
Download Financial Sector Policy in Thailand Book in PDF, ePub and Kindle
How well Thailand's financial sector can provide the investible funds demanded by the country's current boom depends partly on its ability to mobilize savings - through official policy on credit allocation and through the movement of capital internationally.
Author | : Wanxue Lu |
Publisher | : Springer Nature |
Total Pages | : 171 |
Release | : |
Genre | : |
ISBN | : 9819737710 |
Download Post-Asian Financial Crisis Reforms in Thailand Book in PDF, ePub and Kindle
Author | : International Monetary Fund. Monetary and Capital Markets Department |
Publisher | : International Monetary Fund |
Total Pages | : 136 |
Release | : 2019-10-07 |
Genre | : Business & Economics |
ISBN | : 1513516507 |
Download Thailand Book in PDF, ePub and Kindle
This Financial System Stability Assessment paper on Thailand highlights that assets of the insurance and mutual fund sectors have doubled as a share of gross domestic product over the last decade, and capital markets are largely on par with regional peers. The report discusses significant slowdown in China and advanced economies, a sharp rise in risk premia, and entrenched low inflation would adversely impact the financial system. Stress tests results suggest that the banking sector is resilient to severe shocks and that systemic and contagion risks stemming from interlinkages are limited. Financial system oversight is generally strong, but the operational independence of supervisory agencies can be strengthened further. The operational independence of supervisory agencies can be strengthened further by reducing the involvement of the Ministry of Finance in prudential issues and ensuring that each agency has full control over decisions that lie within its areas of responsibility.
Author | : Tull Traisaorat |
Publisher | : Springer |
Total Pages | : 474 |
Release | : 2000-02-23 |
Genre | : Law |
ISBN | : |
Download Thailand:Financial Sector Reform and the East Asian Crises Book in PDF, ePub and Kindle
This book takes as its focus the current supervisory and regulatory framework for bank supervision in Thailand and the Thai authorities' efforts to modernise and restructure the Thai banking system. It examines the obstacles to this restructuring, which include the current economic difficulties in Thailand and the East Asia region as well as more fundamental historical, cultural and socio-economic factors that underpin Thai society. The book looks at the numerous banking statutes put in place in Thailand in the past sixty years, including legislation of the 1980s in response to problems involving fraud, insider dealing and solvency concerns. It examines how historically ambiguous structures of governmental responsibility and power, and a heavy emphasis on government discretion in regulation, have so far inhibited the effectiveness of this extensive body of legislation in developing a sound modern banking system. There follows an in-depth analysis of the 1997-1998 Thai Banking Crisis and ways in which lessons can be learned to avoid similar crises in future. The author argues for a greater degree of transparency in the regulatory process to bring it into line with internationally accepted standards, for increased supervisory implementation and enforcement by Thai governmental authorities, and for the ultimate depoliticisation of the bank regulatory and supervisory processes.
Author | : Pedro Alba |
Publisher | : World Bank Publications |
Total Pages | : 31 |
Release | : 1998 |
Genre | : Business enterprises |
ISBN | : |
Download Thailand's Corporate Financing and Governance Structures Book in PDF, ePub and Kindle
November 1998 Weaknesses in corporate governance and the fragile financial structure of many corporations contributed to, and deepened Thailand's recent financial crisis. Large corporations need to reduce their vulnerability to economic shocks and improve corporate governance; smaller firms should achieve a more stable funding structure. Alba, Claessens, and Djankov assess Thailand's policy options for reducing large corporations' vulnerability to economic shocks and improving their corporate governance - and for providing smaller firms a more stable funding structure. Using data for firms listed on Thailand's stock exchange, they empirically assess the relative importance of various factors determining the cost of capital, the availability of financing, and policies and distortions that affect corporate governance in nonfinancial firms. The empirical findings highlight weaknesses in corporate governance and the inherent risks in Thailand's corporate financing structures. They conclude that the most important ask in improving the structure of corporate financing and the framework for corporate governance is to change incentives. This will involve: * Accelerating legal reform, including reform of bankruptcy and foreclosure laws. * Improving bank monitoring of enterprise management and encouraging banks to develop more arm's-length relationships with firms. This will require greater transparency and disclosure of ownership relationships and stricter enforcement of insider and related lending limits, violation of which contributed poor intermediation and the recent crisis. * Improving disclosure and accounting practices. Self-regulatory agencies may need to play more of a role, possibly with more legal power to discipline violators. * Better enforcement of corporate governance rules. The formal structure for corporate governance is standard but enforcement is weak. * Facilitation of equity infusions. Investors - especially minority shareholders - may need to play a more direct role in monitoring and disciplining managers. To attract new infusions of equity, new equity owners may need more-than-proportional representation on the board of directors until other investor protection mechanisms are strengthened. * Improving the framework for corporate governance. A broad public discussion of corporate governance, similar to recent discussions in the United Kingdom and elsewhere, may be needed to clarify the distribution of control in the economy's real sector. * Strengthening institutions responsible for gathering and analyzing data on firms of all sizes and for monitoring firm performance and behavior. This paper-a product of the Economic Policy Unit, Finance, Private Sector, and Infrastructure Network-is part of a larger effort in the network to study the performance and financing structures of East Asian corporations.
Author | : International Monetary Fund. Monetary and Capital Markets Department |
Publisher | : International Monetary Fund |
Total Pages | : 258 |
Release | : 2019-10-24 |
Genre | : Business & Economics |
ISBN | : 1513517600 |
Download Thailand Book in PDF, ePub and Kindle
This Detailed Assessment of Observance on the Basel Core Principles (BCP) for effective banking supervision on Thailand highlights that there have been significant enhancements to the legal framework and the supervisory process since the last BCP review, resulting in high compliance. The commercial banking sector appears to be sound and stable with a diversified lending profile and a steady source of funding. The involvement of other ministerial authorities in Specialized Financial Institutions supervision may affect standard-setting processes and the mindset of key decision makers for commercial banks when trying to level regulatory standards. The supervisory framework and practices provide the foundation for the continued development of risk-based supervision. Notifications and examination manuals increasingly focus on analysis of qualitative factors such as governance, risk management and risk appetite statements to determine the bank’s composite rating. The report recommends that efficiency of enforcement actions would be increased by aligning Financial Institutions Business Act requirements and Bank of Thailand internal practices.
Author | : Pansak Vinyaratn |
Publisher | : |
Total Pages | : 142 |
Release | : 2004 |
Genre | : Thailand |
ISBN | : |
Download 21st Century Thailand Book in PDF, ePub and Kindle
Author | : Qiao Liu |
Publisher | : Routledge |
Total Pages | : 634 |
Release | : 2013-03-12 |
Genre | : Business & Economics |
ISBN | : 1135072973 |
Download Finance in Asia Book in PDF, ePub and Kindle
Asia’s demand for second-generation financial institutions and markets needs to be met in order for the region’s further development to be sustained. This book provides a compelling, fact-based assessment of current practices and regulations in Asia’s financial institutions and markets and carefully documents the exciting opportunities and challenges that lie ahead in the region’s financial systems. This book differs in design from typical treatments of financial institutions and markets because its focus is on Asia rather than using the US model (in terms of market configurations or products) as a benchmark, and its takes a contemporary and forward-looking view of financial markets. Examples of practice from Asia are used to illustrate major accepted themes in finance and financial regulation. To the extent that Asia’s main economies share characteristics that are distinct, for example, in the relationship between government and the banking sector, or in aspects of corporate governance, the book will discuss the consequences for market operation and intermediation. The book’s carefully structured facts and rigorously argued analysis carry important implications both for students in business and law and for professionals new to financial markets in Asia. It will change the way that Asian financial markets and institutions is taught in universities as well as provide a valuable resource for professionals working in finance in Asia.
Author | : June Nualtaranee |
Publisher | : |
Total Pages | : 232 |
Release | : 1999 |
Genre | : Finance |
ISBN | : |
Download Financial Development and Monetary Policy in Thailand Book in PDF, ePub and Kindle
Chapter 3 examines the causal relationship between development in the financial sector and economic growth using a cointegration method, error correction model, Granger causality test, variance decomposition, and impulse response functions. The results show that commercial banks have been the most important financial institutions, serving as an engine that has driven economic development. Other financial institutions such as finance and securities companies may also have complementary effects over the period of their rapid development that followed the economic boom in 1987.
Author | : Peter G. Warr |
Publisher | : World Bank Publications |
Total Pages | : 276 |
Release | : 1996 |
Genre | : Business & Economics |
ISBN | : 9780821326541 |
Download Thailand's Macroeconomic Miracle Book in PDF, ePub and Kindle
World Bank Discussion Paper No. 345. Focuses on financial sector reforms in the Czech Republic, Hungary, Poland, the Slovak Republic, and Slovenia and provides a detailed assessment of where each country stands relative to European Union requirements for financial sector integration. The paper reviews current trends and changes in the countries' banking systems, the development of their capital markets, and the effects of changes in their legal and regulatory systems on banking supervision.