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Asia and Pacific > Thailand

You are looking at 1 - 5 of 5 items for :

  • Type: Journal Issue x
  • Social Security and Public Pensions x
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Cover IMF Staff Country Reports
Thailand: Selected Issues
International Monetary Fund. Asia and Pacific Dept
This paper discusses selected issues related to the economy of Thailand. The economy of Thailand is largely dependent on China. A 1 percent decline in China’s GDP lowers Thailand’s output by about 0.2 percent. Population aging is another major issue in Thailand. This Association of Southeast Asian Nations country will face the dual challenge of increasing the coverage of the social security system and ensuring its long-term sustainability. Thailand’s financial sector has expanded rapidly over the last decade, and important changes in its structure have taken place. While corporate debt has remained broadly stable, household debt has increased to one of the highest levels among emerging markets, raising concerns about household debt overhang.
Keywords:
ISCR; CR; Thailand; China; GDP; Other Asean-5 Countries; household debt; China shock; dependency ratio; public health expenditure; wage cap; employees of state enterprises; Pensions; Pension spending; Aging; Exports; Commercial banks; Global
Cover IMF Staff Country Reports
Republic of Korea: Selected Issues
International Monetary Fund
The paper discusses potential output, the output gap, and inflation in Korea. The paper explores the information content of potential leading indicators of inflation. A broadly balanced current account has been the suggested norm for Korea over the medium term. The challenge is to help build a more robust bond market that prices risk appropriately. The features of pension schemes in Korea and the problems they face are outlined. The paper reviews pension reform, banking sector, corporate sector, and foreign exchange crises with respect to Korea.
Keywords:
ISCR; CR; output gap; money demand equation; interest coverage ratios; S-I norm; interest-coverage ratio; corporate bond bond market; TFP series; two-step estimation procedure; reserves-to-broad money ratio; Pensions; Commercial banks; Pension spending; Loans; Corporate bonds; East Asia; Asia and Pacific; Global
Cover IMF Policy Discussion Papers
Mitigating the Social Costs of the Economic Crisis and the Reform Programs in Asia
Marijn Verhoeven
,
Mr. Sanjeev Gupta
,
Mr. Gerd Schwartz
,
Mr. Calvin A McDonald
,
Željko Bogetic
, and
Mr. Christian Schiller
This paper presents a preliminary analysis of the likely social impact of the economic crisis and the reform programs in three Asian countries—Indonesia, Korea, and Thailand. The focus is on likely changes in real consumption expenditures arising from higher inflation and increases in unemployment. The current social policy measures adopted in the reform programs should provide significant social safety nets for the poor. However, if the social impact turns out to be larger than projected, it would be worthwhile to assess cost-effective and efficient alternatives for expanding social safety nets. The paper presents some options that could be considered.
Keywords:
PDP; Indonesia; Thailand; price; price increase; poverty; social safety nets; social impact; Asia; poverty line; income share; PPP terms; per capita income; household expenditure data; nominal wage; price change; income distribution; Inflation; Income; Unemployment; Consumption; Household consumption; Asia and Pacific
Cover IMF Working Papers
Saving in Southeast Asia and Latin America Compared: Searching for Policy Lessons
Mr. Christian Thimann
and
Mrs. Anuradha Dayal-Gulati
This paper examines empirical determinants of private saving for a sample of economies in Southeast Asia and Latin America over the period 1975–95. It uses panel estimations to establish relationships between private saving rates and a range of policy and nonpolicy variables. The findings show that fiscal policy, particularly social security arrangements, influence private saving; also macroeconomic stability and financial deepening appear to have been important in accounting for differences in saving behavior between the two regions.
Keywords:
WP; saving; GDP; financial market; saving rate; Southeast Asia; Latin America; government saving; saving scheme; A. saving trend; saving behavior; saving motive; Private savings; Income; Estimation techniques; Financial sector development; Pension spending
Cover IMF Working Papers
Saving Trends in Southeast Asia: A Cross-Country Analysis
Mr. Hamid Faruqee
and
Mr. Aasim M. Husain
This paper investigates the long-run pattern of private saving in Indonesia, Malaysia, Singapore, and Thailand. These countries have not only maintained saving levels that are currently among the highest in the world but have also experienced a sustained increase in their rate of private saving over the past twenty years. Using a cointegration approach, this paper empirically examines the economic determinants underlying the saving trends in this group and the extent to which these countries share a common experience with respect to the factors accounting for their strong saving performance. The findings suggest that demographic shifts have been an important factor underlying regional saving trends with a similar long-run impact in each country, except for Indonesia where the effects of demographics have been even more pronounced.
Keywords:
WP; saving rate; time series; critical value; country estimate; saving scheme; coefficient estimate; panel estimation; estimation result; Engle-granger estimate; Private savings; Disposable income; Income; Aging; Southeast Asia