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Persistent link: https://www.econbiz.de/10010512537
This paper contributes to the ongoing debate about the changing dynamics in the money market rates after 2007. It aims to analyse the interest rate channel of monetary policy transmission until the federal funds target rate reached the zero lower bound. A set of different model explains both...
Persistent link: https://www.econbiz.de/10010499797
Der vorliegende Aufsatz untersucht die Ursachen von Finanzmarktkrisen anhand entsprechender Vorkommnisse in Thailand …This present paper studies the reasons for financial market crises on the background of recent examples of Thailand … crises. We have calculated the indicators for the cases of Thailand, Mexico and the Czech Republic. …
Persistent link: https://www.econbiz.de/10001405729
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This paper examines the effectiveness of capital account policy in terms of its ability to affect the volume and composition of capital flows, relieve pressures on real exchange rates, and foster monetary policy independence. Ten emerging Asian economies are used as case studies to assess the...
Persistent link: https://www.econbiz.de/10012020535
A data set of 560 credit files from Thai commercial banks is compiled. The loans granted between 1992 and 1996 follow a pattern known from mature markets as a similar set of variables explains much of the variance in interest rate spread. A second finding is the expected higher importance of...
Persistent link: https://www.econbiz.de/10011577948
It appears to be common wisdom that the basic cause of Thailand's crisis is its extraordinarily weak financial …-term performance of Thailand's financial system is favorable. The insight from moral hazard indicators is unexpected regarding the bad … explained in a framework of system change than by bad banking in Thailand. …
Persistent link: https://www.econbiz.de/10011578079
new rules. The analysis for Thailand's commercial banks shows that more effective prudential regulation could have lowered … banks would not survive a macroeconomic shock as happened in Thailand. … deutsche Banken einen Makroschock, wie ihn Thailand erlebt hatte, nicht überstehen. …
Persistent link: https://www.econbiz.de/10011578504
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