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Thanong

Thanong Khanthong
Permalink : http://blog.nationmultimedia.com/thanong

Posted by Thanong , Reader : 582 , 16:29:50  
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The Macroeconomic Complications While the Bank of Thailand had managed to inflict serious damage on the currency speculators, it realised that it would not win the currency war in the end.There were three critical questions facing Thailand at this point. First, what was the impact of the bank of Thailand’s decision to shut down the foreign exchange swap market.Second, should interest rates be cut to ....

Posted by Thanong , Reader : 638 , 14:26:37  
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The Exchange Watchdog Came AlongShortly afterward, the Securities and Exchange Commission came aboard to help out the Bank of Thailand. It had been a big embarrassment to sit still and do nothing while the foreign speculators were railroading the stock market and taking the baht supply out of the country.On the evening of Monday June 8, 1997, the exchange regulators discussed their strategy on how to....

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