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

See all articles by Ramkishen S. Rajan

Ramkishen S. Rajan

LKYSPP-NUS

Sakulrat Montreevat

Institute of Southeast Asian Studies, Singapore

Date Written: June 2001

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.

Keywords: bank internationalization, capital flows, financial sector reforms, Thailand

JEL Classification: F30, F32, F41

Suggested Citation

Rajan, Ramkishen S. and Montreevat, Sakulrat, Financial Crisis, Bank Restructuring and Foreign Bank Entry: An Analytic Case Study of Thailand (June 2001). CIES Working Paper No. 131. Available at SSRN: https://ssrn.com/abstract=294579 or http://dx.doi.org/10.2139/ssrn.294579

Sakulrat Montreevat

Institute of Southeast Asian Studies, Singapore ( email )

30 Heng Mui Terrace
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