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Search Result for “baht”

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OPINION

Can Asean weather another crisis?

News, Bandid Nijathaworn, Published on 19/04/2019

» With the global economy slowing and the risk of a recession looming on the horizon, the question that arises is whether countries in Asia have the resources and capacity to manage such a crisis, considering the current prolonged policy uncertainties and the lack of global leadership to forge an unified response.

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OPINION

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.

OPINION

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.

OPINION

Resting on recovery laurels

News, Bandid Nijathaworn, Published on 24/07/2012

» The first six months of 2012 witnessed an uneasy period for Thailand as the economy attempted to regain traction from one of the country's worst floods - which struck in the second half of last year - while coping with the global downturns caused by the European sovereign debt crisis.