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Marking 20 years after Asian financial crisis
News, Bandid Nijathaworn, Published on 29/06/2017
» The devaluation of the baht in July 1997 was a pivotal moment for Asia and the world, not least because it triggered the onset of a major financial crisis, with a contagion that for the first time spread globally. The crisis also brought about an important rebalancing in the global economy as countries in Asia underwent a long and painful period of reform only to emerge much stronger 10 years later to withstand the effects of the global financial crisis of 2008 and lead the world economy in terms of global growth. It was a remarkable story of a successful crisis, a story that needs to be understood and celebrated.
Asia needs policies to avert crisis
News, Bandid Nijathaworn, Published on 05/10/2015
» The last 20 years have been eventful for "Emerging Asia" in terms of policy management as the region survived two major financial crises while seeing the risk of yet another one looming large.
Capital flows pose new risks
News, Bandid Nijathaworn, Published on 14/08/2012
» Those who have worked at central banks for 15 years or more will have now witnessed two major financial crises that have put the role of these institutions in managing capital flows and financial stability under the spotlight.
The world must help Myanmar to grow
News, Bandid Nijathaworn, Published on 10/04/2012
» Last week was an exciting and historic time for Myanmar, a country that has been in international isolation for nearly a quarter of a decade. On April 1, the Myanmar government launched two important and far-reaching political and economic reforms: the holding of landmark by-elections, which has been described by foreign observers as free and fair, and the introduction of a managed float of its national currency, the kyat, which symbolically put an end to the old economic system and management based on heavy state intervention and control.