JONGWANICH, JUTHATHIP; KOHPAIBOON, ARCHANUN - In: Asian Development Review 29 (2012) 2, pp. 50-93
This paper examines the effectiveness of capital account policies in Thailand during the period 1993–2010. Our results show that policies toward capital account liberalization tend to be more effective than those toward capital account restriction in changing the volume of capital flows. The...