Distressed Financial Institutions in Thailand: Structural Weaknesses, Support Operations and Economic Consequences

43 Pages Posted: 15 Feb 2006

Date Written: January 13, 1989

Abstract

The Thai financial system faced a crisis in 1983. Weak managerial practices and an inadequate legal and regulatory framework were associated with a gradual deterioration in many financial institutions` balance sheets; these weaknesses were brought to the fore by a sharp economic downturn in the first half of the 1980s. The Thai authorities took a number of measures to maintain stability in the financial system and to restructure insolvent financial institutions, including a substantial strengthening in the legal and regulatory framework. The crisis has impacted on the government budget deficit and caused shifts in the demand for financial aggregates and the supply of reserve money.

JEL Classification: 1214, 3116, 3120, 3140

Suggested Citation

Johnston, R. Barry, Distressed Financial Institutions in Thailand: Structural Weaknesses, Support Operations and Economic Consequences (January 13, 1989). IMF Working Paper, Vol. , pp. 1-43, 1989. Available at SSRN: https://ssrn.com/abstract=884527

R. Barry Johnston (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

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