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Google圖書搜尋
Financial Liberalization and the Capital Account
Pedro Alba
Leonardo Hernández
Daniela Klingebiel
其他書名
Thailand, 1988-97
出版
World Bank Publications
, 1999
URL
http://books.google.com.hk/books?id=ipkh8xEN2Q4C&hl=&source=gbs_api
EBook
SAMPLE
註釋
Thailand's economic crisis in 1997 was fundamentally one of private sector debt, rooted in private behavior that affected the magnitude and composition of investment and how it was financed. Thailand's crisis provides further evidence that financial liberalization must be carefully managed because, by increasing competition, it lowers the franchise value of existing financial institutions and creates incentives for unsound banking practices.