Showing 1 - 7 of 7
Is a return to gold standard possible?
Oped, Chartchai Parasuk, Published on 11/12/2025
» We are now in the middle of the holiday season. Therefore, I will refrain from writing about heavy and depressing issues like the Thai economy and the outlook for 2026 and beyond. In this moment of joy, I will write about the possibility of returning to the gold standard, which some supporters say can be seen in central banks aggressively buying gold bullion to replace the dubious US dollar. The last article of the year will be about the Sovereign Wealth Fund (SWF).
No money left to ease Covid blues
News, Chartchai Parasuk, Published on 13/05/2021
» In the second quarter of 2020, the Thai economy shrank as much as 12.1%, resulting in a loss of 610 billion baht in GDP. Such a huge loss was the impact of Covid-19, caused by fear of the pandemic, the impact of strict lockdown measures, and a loss of revenue from foreign tourists.
New lockdown bodes economic misery
Oped, Chartchai Parasuk, Published on 07/01/2021
» My first article of the year cannot be about anything but the Covid-19 lockdown. Actually, I planned to write about the two-month disappearance of the world-famous Jack Ma -- founder of Alibaba and Alipay. He has an innovative idea to revolutionise the Chinese financial system but his revolutionary idea was not agreeable with Chinese authorities and caused him to "disappear". What interests me is not China's internal affairs. But his idea, once put into use, will revolutionise the global economy as well. Milton Friedman (a Nobel Prize laureate in Economics and the father of monetary policy) and his Optimum Quantity of Money theory will become useless. His idea, if taken far enough, might be able to pull the world economy out of the Covid slump. Sound interesting? Readers have to wait until my next article, which will come in two weeks' time.
Can a V-shaped recovery happen now?
Oped, Chartchai Parasuk, Published on 05/11/2020
» This article is written especially for the Bank of Thailand.
Economy, not rallies, should worry govt
Oped, Chartchai Parasuk, Published on 22/10/2020
» Economics and politics are inseparable. The current nationwide demonstrations against the government might appear to have only political agendas, but the underlying driving force of the burgeoning demonstrations might be economics. The question is "why now?". The prime minister has been in office since early 2019 and, if one counts his previous term, he has been in office since mid-2014. Furthermore, the current constitution has been in effect since 2017.
More thoughts on the post-Covid world
Oped, Chartchai Parasuk, Published on 27/08/2020
» News about Covid-19 vaccine development in Russia and other countries offers a ray of hope the pandemic could be ending soon and the world economy may return to normal.
'Debt Jubilee' a stop-gap for demand ills
News, Chartchai Parasuk, Published on 06/06/2019
» Today's article is about a type of "Helicopter Money" policy to boost domestic demand which could be suitable for the Thai economy, at least for the time being.