Showing 1 - 9 of 9
Applying sufficiency to macroeconomics, business
News, Prasarn Trairatvorakul, Published on 02/06/2016
» Throughout the history of mankind, numerous events and crises have prompted us to reflect and reevaluate on the way we live our lives, operate our businesses and develop our countries.
Striking balance in financial integration
News, Prasarn Trairatvorakul, Published on 16/04/2015
» Over the past two decades, the level of financial integration across countries has increased rapidly. If we take the total stock of external assets and liabilities relative to world GDP as a gauge of financial integration, in 1980 this stood at around a quarter, roughly equal to the ratio of global trade to world output. By 2010, global finance was nine times global trade.
Managing the economy at a crossroads
News, Prasarn Trairatvorakul, Published on 04/07/2014
» The buildup of political tension late last year came at an unfortunate time for the economy. Economic activity was already hampered by weak domestic demand amid high household debt and a lacklustre global economy. As the political uncertainties persisted, the repercussions on consumer and business confidence grew, denting private consumption and investment.
Thailand’s economy derives strength from within
News, Prasarn Trairatvorakul, Published on 21/03/2014
» Growth last year of 2.9% disappointed many, as most analysts had been expecting 4% to 5% growth at the beginning of 2013.
The ability to change is crucial for any nation's growth
News, Prasarn Trairatvorakul, Published on 09/10/2013
» What happens in emerging markets matter. Together, they account for more than half of the world's GDP. The group of countries known as Bric _ Brazil, Russia, India and China _ has powered global economic growth since the early 2000s [now known as Brics with the inclusion of South Africa in 2010]. By mid-2009, these economies were growing 7 percentage points faster than the G7 economies and contributed around two-thirds of world output growth.
Weathering the challenges in global capital markets
News, Prasarn Trairatvorakul, Published on 30/08/2012
» This year, the key challenge for Thailand is weathering the financial and economic turmoil from the euro crisis. More than one year ago, I had the honour of giving a talk here. Some of you who were in attendance may recall that I labelled 2011 the year of rebalancing for monetary policy.
Uncertainty cast over Asia banks
News, Prasarn Trairatvorakul, Published on 10/07/2012
» The future of the banking industry in Asia and at the global level is being shaped by three major forces, namely, the fragile world economy, international financial regulatory reforms, and the rise of Asia which faces its own development challenges.
Bank sector needs trust (and scepticism)
News, Prasarn Trairatvorakul, Published on 27/04/2012
» Trust is the cornerstone of the financial industry. But it should also be added that trust alone is not enough. We also need to have a good dose of healthy scepticism. The reason for this is that we must avoid, on the one hand, overly trusting market mechanisms or, on the other hand, overly trusting in regulation. This is because of the rapid changes in the financial system and how risk is transmitted.
Getting ready for 'free flow' of opportunities in AEC
News, Prasarn Trairatvorakul, Published on 12/01/2012
» Global citizenship is linked to the relationship between an individual and the state. Since we now live in a virtual world connected by technology, today's global relationship should perhaps be better defined as an association with economic opportunities available to an individual, irrespective of physical presence.