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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.
Thailand at the crossroads in seeking sustainable economic development
Business, Prasarn Trairatvorakul, Published on 01/10/2014
» Imagine yourself embarking on an important challenge, perhaps a new job with demanding responsibilities. Naturally, you may feel a little nervous, as there is no guarantee that the new venture will be a successful one. A transition to a successful career consists of three stages. The first is to familiarise yourself with this new environment — to get to know new colleagues, to learn about the culture of the workplace, basically to settle in.
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.