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Financial Institutions about Thailand

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Financial Institutions about Thailand
FINA 0501
Asian Financial Institutions
Term Paper
3rd May, 2013

An Overview of the Thailand Banking Sector

Content
Part I: Executive Summary
p.3
Part II: Brief History: Thailand in the pre-1997 era
p.3
Part III: Asian Financial Crisis 1997 and its impact on Thailand’s Economy
p.4
Part IV: Financial Sector Master Plan (FSMP)
p.6
Part V: Banking System of Thailand
p.8
Part VI: Performance of the Banking Sector
p.19
Part VII: The future of Thailand’s Banking Sector
p.20
Part VIII: Conclusion
p.21
Appendices
p.23
References
p.26

Part I: Executive Summary
The following report would first give a brief introduction of Thailand’s economy in the pre-1997 era, and the reasons behind the Asian financial crisis in 1997. As the banking and financial model of Thailand was significantly influenced by the subsequent policies developed after the 1997 Asian Financial Crisis, it is worthwhile for the report to briefly discuss the impact on Thailand. Furthermore, the report would also illustrate the changes and developments in the post-1997 period, and the opportunities and challenges to the economy beyond 2015. Meanwhile, detailed description on the banking sector as well as various financial institutions would also be made in the process.

Part II: Brief History: Thailand in the pre-1997 era
Thailand was long known as a place with rich agriculture resources; as a result, it is conceivable that it is an export dependent country. However, Thailand also provides no shortage of political and economy unrest. Amid the power struggles, Thailand has suffered from multiple economic problems from 1970s to 1980s, mainly because of current account deficit, inflation and decreasing American investment because of a change in political regime. To combat the economy downturn, the government promoted tourism and export, which serves the country for years to come.

On 22 September 1985, Japan, France, Germany, US and


References: Asian Development Bank (2011). Thailand: Restructuring of Specialized Financial Institutions. Retrieved from http://www.adb.org/documents/thailand-restructuring-specialized-financial-institutions-loan-1735-tha Association of Southeast Asian Nations (2013) Bank of Thailand. (2013). About BOT. Retrieved April 30, 2013 from http://www.bot.or.th/English/AboutBOT/Pages/index.aspx Bank of Thailand (2013). Commercial Bank Assets and Liabilities. Retrieved on April 30, 2013 from http://www.bot.or.th/English/Statistics/FinancialInstitutions/CommercialBank/Pages/index.aspx Bank of Thailand (2013). Financial Institutions under the BOT’s Supervision. Retrieved April 30, 2013 from http://www.bot.or.th/English/FinancialInstitutions/Policy/Pages/SVG_Statement2.aspx Bank of Thailand (2009). The Financial Sector Master Plan Phase II. Retrieved April 30, 2013 from http://www.bot.or.th/English/FinancialInstitutions/Highlights/FSMP2/Documents/FSMPII_EexecutiveSummaryE.pdf Bank of Thailand (2013). General Obligation of members. Retrieved April 30, 2013 from http://www.imf.org/external/pubs/ft/aa/#art8 Bank of Thailand (2013) Bank of Thailand (2008). Institutional Framework. Retrieved April 30, 2013 from http://www.bot.or.th/English/FinancialInstitutions/FIPolicy/Framework/Documents/InstitutionFramework.pdf Bank of Thailand (2013). Names, Addresses and Websites, institution listing. Retrieved April 30, 2013 from http://www.bot.or.th/English/FinancialInstitutions/WebsiteFI/Pages/instList.aspx Bank of Thailand (2013). Roles and responsibilities of Bank of Thailand. Retrieved April 30, 2013 from http://www.bot.or.th/English/AboutBOT/index/Pages/RolesAndResponsibilities.aspx Bank of Thailand (2009). The Financial Sector Master Plan. Retrieved April 30, 2013 from http://www.bot.or.th/English/FinancialInstitutions/Highlights/FSMP2/Documents/FSMPII_EexecutiveSummaryE.pdf Bank of Thailand (2011). The international banking crisis: impact on Thailand’s financial system and policy responses Retrieved from http://www.bis.org/publ/bppdf/bispap54x.pdf BangkokPost (2013). Government Housing Bank. Retrieved on April 30, 2013 from http://www.bangkokpost.com/58years/gove.html Baxter R http://www.frbsf.org/publications/banking/asiafocus/2010/july.pdf Bloomberg Businessweek (2013) Company Overview of Thai Credit Retail Bank Public Company Limited Deepak (1997). Gopinath. Infrastructure Finance. A Silver Lining. Economic Intelligence Unit (2012) Financial Institutions Business Act (2008). Retrieved on April 30, 2013 from http://www.bot.or.th/English/LawsAndRegulations/DocLib_EngLaw/Law_E24_Institution_Sep2011.pdf Government Housing Bank Government Savings Bank. (2013). History and Milestones. Retrieved on April 30, 2013 from http://www.gsb.or.th/ Granitas (1997) Markets: Now’s Your Chance, Far Eastern Economic Review , November 11, 1997 Hansanti, S. (2005). Financial liberalisation and the crisis in Thailand in 1997. International Monetary Fund (2009). Thailand: Financial System Stability Assessment. Retrieved from http://www.imf.org/external/pubs/ft/scr/2009/cr09147.pdf Islamic Bank of Thailand Thai Credit Guarantee Corporation (2012). Retrieved on April 30, 2013 from http://www.tcg.or.th/main/ Thai Asset Management Corporation (2012). History of TAMC. Retrieved on 11th December 2012, from http://tamc.or.th/en/history.php The Nation (2007) Uttaradit Rajabhat University (2011) Thai Economy. Retrieved from http://human.uru.ac.th/ThaiStudies/Economy%20of%20Thailand%20present.pdf Willmann (2004). Thai Financial Crisis. Retrieved from http://willmann.com/~gerald/econ429/thai.pdf
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