Showing 1 - 4 of 4
Financial crisis looms over Thailand
Oped, Chartchai Parasuk, Published on 25/01/2024
» The definition of an "economic crisis" is much debated in Thailand. This is because one of the requirements for enacting the emergency fiscal borrowing decree is that the economy must be in crisis.
Risk of global financial crisis spiking
Oped, Chartchai Parasuk, Published on 03/11/2022
» I am writing this article in Tokyo. Judging from my walks around the city during the past week, and despite the fact everyone is wearing face masks, it's like Covid has vanished. Subways and trains are jam-packed and shopping areas are full of people. However, the pandemic has left some scars. Many shops have gone under, including my favourite 50-year-old sushi restaurant.
New surge a blow to weak economy
Oped, Chartchai Parasuk, Published on 15/04/2021
» Today's article is "breaking news" as I am in the midst of writing a five-part series about the liquidity crisis risk facing the country. I have already published the first two parts of the series -- origins of the risk and experience from 1997 economic crisis. I still have three more articles to go. They are: (1) warning signs of the risk, (2) shielding oneself from the risk, and (3) appropriate macro-economic policy responses. I do not want to break the series because warning signs are getting stronger every day such as the alarming US$8.4 billion (263 billion baht) outflow in March and the 154 billion baht government cash deficit in February.
Bank of Thailand lands in hot water
News, Chartchai Parasuk, Published on 16/01/2020
» It caught almost everyone by surprise when the baht strengthened past the psychological level of 30 baht per US dollar during the New Year holidays.