Shock Therapy! What Role for Thai Monetary Policy?

WP/12/269

Nopic
Thailand had to endure three major shocks during 2008–2011: the global financial crisis, the Japanese earthquake, and the Thai floods of 2011. Over this period, consistent with its inflation targeting framework, the Bank of Thailand (BOT) let the exchange rate depreciate and cut interest rates (to, for example, a historically low level of 1... READ MORE...

Publication date: November 2012
ISBN 9781475542851
$18.00

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Publication date: November 2012

English