Ten Years After the Financial Crisis in Thailand: What Has Been Learned or Not Learned?

Ten Years After the Financial Crisis in Thailand: What Has Been Learned or Not Learned?
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泰国金融危机十年后:学到了什么或没有学到什么?

DOI:
10.1111/j.1748-3131.2007.00055.x
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发表时间:
2007
期刊:
Banking & Financial Institutions
影响因子:
--
通讯作者:
Pakorn Vichyanond
Pakorn Vichyanond
中科院分区:
--
文献类型:
--
作者:
C. Sussangkarn;Pakorn Vichyanond

文献摘要

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1997年金融危机提供了许多教训,说明泰国经济和金融体系在危机前的弱点,这些弱点最终导致了危机。从那时起,这些教训导致了许多经济和金融改革。本文回顾了已经进行的经验教训和改革。这些措施包括改进充分监测宏观经济所需的数据系统,改变宏观经济管理框架和货币政策制度,以及金融部门改革的各个方面。本文件还指出了可能尚未充分汲取的教训以及未来经济稳定面临的新风险。这些问题包括对金融机构的政治干预,导致不适当或过度的贷款,以及财政负债缺乏透明度,可能误导宏观经济管理。
The 1997 financial crisis provided many lessons about the weaknesses of Thailand's economic and financial system before the crisis, weaknesses that eventually led to the crisis. Since then, these lessons have led to many economic and financial reforms. This paper reviews the lessons and reforms that have been carried out. These include improvements to the data system needed for adequate macroeconomic monitoring, changes to the macroeconomic management framework and monetary policy regime, and various aspects of financial sector reforms. This paper also indicates the lessons that might not yet have been sufficiently learned and new risks to future economic stability. These include political interference in financial institutions, leading to inappropriate or excessive lending, and lack of transparency in fiscal liabilities that could mislead macroeconomic management.