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Thailand: 2013 Article IV Consultation

International Monetary Fund (IMF); International … - 2013

This 2013 Article IV Consultation highlights that in 2012, Thailandâ€™s economy rebounded strongly from the devastating floods, with real GDP growing by 6.5 percent. Private consumption rose 6.7 percent, reflecting pent-up demand and government measures, including the rice pledging scheme,...

Persistent link: https://www.econbiz.de/10011243217

Shock Therapy! What Role for Thai Monetary Policy?

Alp, Harun; Elekdag, Selim - International Monetary Fund (IMF) - 2012

Thailand had to endure three major shocks during 2008â€“2011: the global financial crisis, the Japanese earthquake, and … the Thai floods of 2011. Over this period, consistent with its inflation targeting framework, the Bank of Thailand (BOT … added up to a total of 4 percentage points to real GDP growth during periods when Thailand had to weather these three major …

Persistent link: https://www.econbiz.de/10011142014

Much Ado About Nothing? Estimating the Impact of a U.S. Slowdownon Thai Growth

Aiyar, Shekhar; Tchakarov, Ivan - International Monetary Fund (IMF) - 2008

External demand was the main driver of growth in Thailand in 2006 and 2007. However, WEO projections indicate …, and high oil prices. While the share of Thai exports to the US has fallen in recent years, the US remains Thailand …

Persistent link: https://www.econbiz.de/10005248323

Managing Risks in Financial Market Development; The Role of Sequencing

International Monetary Fund (IMF); International … - 2003

This paper proposes an integrated and risk-based approach to the sequencing and coordination of reforms to develop domestic financial markets. The paper argues that there is a hierarchy of financial markets that reflects the complexity of risks in each market and the interlinkages among markets....

Persistent link: https://www.econbiz.de/10005768863

Capital Flows and Demographics; An Asian Perspective

Lueth, Erik - International Monetary Fund (IMF) - 2008

This paper calibrates the production functions of 176 countries to fit 2003 data and examines the capital flows that emerge, when labor forces change according to the 2007 UN population projections. It finds that demographic factors are no help in correcting today's global imbalances; that...

Persistent link: https://www.econbiz.de/10005768978

External Capital Structure; Theory and Evidence

Lane, Philip R.; Milesi-Ferretti, Gian-Maria - International Monetary Fund (IMF) - 2000

Recent years have witnessed a change in the composition of capital flows to developing countries, and FDI and equity flows have been playing an increasing role. In this paper we discuss the challenges for international macroeconomics that these developments pose and characterize stylized facts...

Persistent link: https://www.econbiz.de/10005599542

Financial Development in Emerging Europe; The Unfinished Agenda

Zoli, Edda - International Monetary Fund (IMF) - 2007

This paper assesses the status of financial development in Emerging Europe, analyzes the factors that have shaped it, and discusses policy priorities. Financial development has progressed to varying degrees across the region. Macroeconomic stability and institutional quality have been important...

Persistent link: https://www.econbiz.de/10005605312

International Capital Crunches; The Time-Varying Role of Informational Asymmetries

Mody, Ashoka; Taylor, Mark P. - International Monetary Fund (IMF) - 2002

We examine the determinants of capital flows to four developing countries during the 1990s using an explicitly disequilibrium econometric framework in which the supply and demand for capital are not necessarily equal and the actual amount of the flow is determined by the ‘short side’ of the...

Persistent link: https://www.econbiz.de/10005825608

Real and Financial Sector Linkages in China and India

Aziz, Jahangir - International Monetary Fund (IMF) - 2008

In the spirit of what is known as business cycle accounting, this paper finds that the investment wedge-the gap between household's rate of intertemporal substitution and the marginal product of capital-is large and quantitatively significant in explaining China's and India's growth. Specific...

Persistent link: https://www.econbiz.de/10005826386

Retarding Short-Term Capital Inflows Through withholding Tax

Zee, Howell H. - International Monetary Fund (IMF) - 2000

This paper proposes a price-based measure to mitigate the destabilizing impact of the volatility of global capital movements on the domestic economy of a country pursuing sound economic policies. The measure is a withholding tax on all private capital inflows, with a credit and refund provision...

Persistent link: https://www.econbiz.de/10005263778