Financial Crisis, Bank Restructuring and Foreign Bank Entry: An Analytic Case Study of Thailand
Ramkishen S. Rajan
George Mason University - School of Public Policy; Institute of Southeast Asian Studies, Singapore
Institute of Southeast Asian Studies, Singapore
CIES Working Paper No. 131
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, F41working papers series
Date posted: December 21, 2001
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