Showing 1 - 5 of 5
In an uncertain world, gold is a comfort
Oped, Chartchai Parasuk, Published on 05/02/2026
» With Thai citizens heading to the polls this Sunday to decide which party will form the next government, I have decided to postpone my article on the economic crisis for another two weeks.
Thailand must manage debt to progress
Oped, Chartchai Parasuk, Published on 22/01/2026
» This article may be read as a continuation of my previous piece, Year of the Debt. That article focused mainly on household debt, which has already risen beyond the ability of Thai consumers to repay.
Interest gap could spell economic peril
Oped, Chartchai Parasuk, Published on 06/10/2022
» On a recent Monday, the Fed called an emergency meeting. The discussion topics were not made known. Could it possibly be about turmoil in the UK bond market and the financial troubles of large investment banks? At this fragile time, the world cannot afford another Lehman Brothers-type disaster.
Lessons from the 1997 economic crisis
Oped, Chartchai Parasuk, Published on 01/04/2021
» Today is April Fools' day. But there is no fooling about the threat of liquidity crisis. I am sure that many readers are sceptical about the possibility of a liquidity crunch in this country. First, the government debt to GDP ratio is less than 60% which is not high by international standards. Second, Thailand now, unlike in 1997, has adopted a flexible exchange rate system which has a low risk of currency speculation. And, third, the country has international reserves equivalent to 11 months of imports of goods and services which is two times higher than IMF's suggested requirement. How could an economy this good be at risk?
Productivity slump behind Thailand's economic woes
News, Chartchai Parasuk, Published on 23/05/2019
» Many of you might be waiting to read about an effective "helicopter money" policy to boost the Thai economy as I mentioned in my previous article. Of course, I have reached my conclusion on that strategy but I beg readers to wait and read today's article first. The reason is that without properly understanding the "real" economic problems, a demand-stimulating policy such as helicopter money would become useless and could do more harm than good.