This study reviews the process of financial deepening in Thailand over the period 1970-1985. The success in deposit mobilization is attributed to the branch expansion of commercial banks and attractive interest rates. On the lending side inefficient allocation of funds and lack of long term...

Argentina has made the headlines of international media not only for its successful return to democratic political rules in December 1983 but also for its renewed slump into economic crisis. The country is no longer able to meet the debt servicing requirements and to repay loans due this year...

This study reviews the process of financial deepening in Thailand over the period 1970-1985. The success in deposit mobilization is attributed to the branch expansion of commercial banks and attractive interest rates. On the lending side inefficient allocation of funds and lack of long term...

Mexico has sustained unusual rates of real income growth (6.4 % of average annual GDP growth between 19 50 and 1970) by following an economic policy giving first priority to manufacturing industries. Import substitution has been the dominating trade strategy since the late 1940s with only...