Face the music
Article Abstract:
The Thai authorities do not know the full cost of the economic troubles connected with the 1997 baht crisis, and the question about who will pay remains unanswered. However, there is no doubt that the banks, particularly the smaller banks with more nonperforming loans and a lower asset base, will suffer. One agent will be banks' contributions to the financial institutions development fund. The government will increase the contribution from 0.1% of deposits in 1997 to 0.4% of deposits in 1998. Domestic banks are also seeing investors move their deposits into foreign banks.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1997
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Biting the hand
Article Abstract:
The Thai financial sector needs foreign investment to begin the process of recovery from the 1997 financial crisis, but there are barriers preventing its occurrence. The government has gone some way to lowering restrictions, but there are high capital requirements and foreign investors continue to be wary of the political climate. Also, foreign financial institutions are waiting for prices to fall still further. However, the major preventative factor is the high resistance which Thai bankers continue to show to foreign investment.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
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