Financial Crisis, Bank Restructuring and Foreign Bank Entry: An Analytic Case Study of Thailand
CIES Working Paper No. 131
42 Pages Posted: 21 Dec 2001
Date Written: June 2001
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.
Keywords: bank internationalization, capital flows, financial sector reforms, Thailand
JEL Classification: F30, F32, F41
Suggested Citation: Suggested Citation