Showing 1 - 10 of 575
US can't rely on inflation shamanism
News, Published on 23/09/2024
» Google "shamanism" and you will find that it is "a tradition of part-time religious specialists who establish and maintain personalistic relations with specific spirit beings through the use of controlled and culturally scripted altered states of consciousness." Every element of that definition applies to monetary policymaking today, as illustrated by the reaction to the US Federal Reserve's Sept 18 decision to cut the short-term interest rate by 50 basis points.
Who's in charge?
Published on 23/09/2024
» Re: "Central bank legacy", (PostBag, Sept 19) & "BoT urged to reduce interest rates", (Business, Sept 17).
Central bank legacy
Postbag, Published on 19/09/2024
» Re: "PM vs central bank", (PostBag, Sept 18) & "BoT urged to reduce interest rates", (Business, Sept 17).
2011 all over again?
Oped, Postbag, Published on 31/08/2024
» Re: "Chao Phraya River basin raises flood risk", (BP, Aug 26).
Q2 GDP growth may be misleading
News, Chartchai Parasuk, Published on 22/08/2024
» I eagerly awaited the release of the Q2/2024 GDP growth figure which became available on Monday. The 2.3% growth figure, presented by the Office of the National Economic and Social Development Council (NESDC), did not surprise me. A friend had warned me that the quarterly growth could be as high as 2.5%, even though my estimation for the quarter was only 1.0%.
The US dollar is a problem for everyone
Oped, Published on 20/08/2024
» In 1971, US Treasury Secretary John Connally famously told his counterparts in the G10 that "the dollar is our currency, but it's your problem". Connally was being unexpectedly candid about the fact that, even though the greenback was the world's main reserve currency, its foremost purpose was to advance US interests.
Lessons from Bangladesh's recent uprising
News, Published on 19/08/2024
» The popular insurrection that ousted Bangladeshi Prime Minister Sheikh Hasina and her Awami League government offers important lessons for the international community. While the unrest was undoubtedly fuelled by the regime's repressive and increasingly anti-democratic tactics, the underlying causes of public discontent are often overlooked.
Markets may be sending a signal
News, Published on 12/08/2024
» What looks like a financial market in disarray may instead just be normalisation that will ultimately help insulate investment portfolios rather than sending them to the ground.
Tips for bankers
Oped, Postbag, Published on 07/08/2024
» Re: "Bad dept spike blamed on drop in spending", (Business, July 22).
Digital wallet scheme poses credit risk
Oped, Chartchai Parasuk, Published on 25/07/2024
» During the debate on the extra-fiscal budget for 2024 of 1.22 billion baht to fund the digital wallet (DW) scheme, the government presented the bright side of the figurative coin. This article will present the dark side of the scheme.