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Financial Crisis, Bank Restructuring and Foreign Bank Entry: An Analytic Case Study of ThailandRamkishen S. RajanGeorge Mason University - School of Public Policy; Institute of Southeast Asian Studies, Singapore Sakulrat MontreevatInstitute of Southeast Asian Studies, Singapore June 2001 CIES Working Paper No. 131 Abstract: The co-occurrence of banking and currency crises has been found to be the norm during the late 1980s and early 1990s. While these "twin crises" have inspired a number of recent theoretical and empirical contributions to the literature on financial crises in developing economies, much less consideration has been given to analytic case studies of actual country experiences with these twin crises and their aftermath. This paper attempts to fill this gap by studying the specific case of Thailand, which was the first domino to fall, triggering the East Asian financial crisis of 1997-98. Emphasis is laid on the issue of post-crisis foreign bank entry into Thailand.
Number of Pages in PDF File: 42 Keywords: bank internationalization, capital flows, financial sector reforms, Thailand JEL Classification: F30, F32, F41 working papers seriesDate posted: December 21, 2001Suggested CitationContact Information
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