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Asia and Pacific > Thailand

You are looking at 1 - 3 of 3 items for :

  • Type: Journal Issue x
  • Formal and Informal Sectors; Shadow Economy; Institutional Arrangements x
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Cover IMF Staff Country Reports
Myanmar: Technical Assistance Report-External Sector Statistics Mission
International Monetary Fund. Statistics Dept.
This Technical Assistance Report paper highlights that the work on verifying reasonable size of coverage adjustments for Myanmar’s imports was addressed during the mission, using bilateral trade data from Thailand and China. The mission illustrated how granular data can be used to help determine proper adjustments to improve the coverage of the International merchandise trade statistics, using Thailand’s data on exports to Myanmar cross-classified by border checkpoint and 2-digit HS code. The data indicated potential under-coverage of Myanmar imports for a few checkpoints sharing land border with Thailand. Although the actual travel expenditure per person per day for certain years is likely to be lower than the time series published by the Ministry of Hotels and Tourism given continuous depreciation of Kyat over the past five years, this factor should unlikely outweigh the effect of growing numbers of inbound tourists. Balance-of-payments compilation file used by the Central Bank of Myanmar Balance of Payments Section has now been modified to accommodate suggested coverage adjustments for imports, and the new estimation model for freight and insurance on imports proposed during March 2019 mission.
Keywords:
ISCR; CR; CBM Balance of Payments Section; Myanmar; BPS compiler; mirror data; verification exercise; deputy governor; data request; Imports; External sector statistics; Civil society organizations; Credit
Cover IMF Working Papers
Sudden Stops, Output Drops, and Credit Collapses
Jihad Dagher
This paper proposes a tractable Sudden Stop model to explain the main patterns in firm level data in a sample of Southeast Asian firms during the Asian crisis. The model, which features trend shocks and financial frictions, is able to generate the main patterns observed in the sample during and following the Asian crisis, including the ensuing credit-less recovery, which are also patterns broadly shared by most Sudden Stop episodes as documented in Calvo et al. (2006). The model also proposes a novel explanation as to why small firms experience steeper declines than their larger peers as documented in this paper. This size effect is generated under the assumption that small firms are growth firms, to which there is support in the data. Trend shocks when combined with financial frictions in this model also generate strong leverage effects in line with what is observed in the sample, and with other observations from the literature.
Keywords:
WP; mover accent; market value; business cycle; interest rate; transition probability; Financial liberalization; welfare gain; financial deepening; economic growth; small firm; maximization problem; productivity parameter; firm decrease; growth firm; leverage firm; Sudden stops; Financial frictions; Stocks; Business cycles; Southeast Asia
Cover Finance & Development
Finance & Development, September 1998
International Monetary Fund. External Relations Dept.
For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF’s own staff as well as by prominent international experts. Articles are written for lay readers who want to enrich their understanding of the workings of the global economy and the policies and activities of the IMF.
Keywords:
FD; F&D; income; country; price; economy; income distribution; IMF survey; income inequality; IMF Advisor; transition economy; Civil society; Education spending; Income distribution; Income inequality; Real exchange rates; Sub-Saharan Africa; Asia and Pacific; Global; Central and Eastern Europe; East Asia