Narrow Your Choices

Refine By Topic

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Asia and Pacific > Thailand

You are looking at 1 - 4 of 4 items for :

  • Type: Journal Issue x
  • Economic Development: Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure x
Clear All Modify Search
Cover IMF Working Papers
Socio-Economic Spillovers from Special Economic Zones: Evidence from Cambodia
Mariya Brussevich
This study examines the socio-economic impact of special economic zones (SEZs) in Cambodia---a prominent place-based policy established in 2005. The paper employs a database on existing and future SEZs in Cambodia with matched household surveys at the district level and documents stylized facts on SEZs in a low-income country setting. To identify causal effects of the SEZ program, the paper (i) constructs an alternative control group including future SEZ program participants and districts adjacent to SEZ hosts; and (ii) employs a propensity score weighting technique. The study finds that entry of SEZs disproportionately benefits female workers and leads to a decline of income inequality at a district level. However, the findings also suggest that land values in SEZ districts tend to rise while wage levels remain largely unchanged relative to other districts. In addition, the paper tests for socio-economic spillovers to surrounding areas and for agglomeration effects associated with clusters of multiple SEZs.
Keywords:
WP; SEZ program; SEZ entry; SEZ firm; program participation; SEZ district; SEZ location; Employment; Wages; Income; Income inequality; Labor markets; Special Economic Zones; Place-Based Policy; Low-Income Country; Foreign Direct Investment; SEZ effect; SEZ developer; SEZ trend; tagged SEZ database; SEZ program participation; SEZ intensity; propensity score weighting technique; Policy implication; impact of special economic zones; Women
Cover IMF Working Papers
Synergies Between Monetary and Macroprudential Policies in Thailand
Ichiro Fukunaga
and
Manrique Saenz
A dynamic stochastic general equilibrium (DSGE) model tailored to the Thai economy is used to explore the performance of alternative monetary and macroprudential policy rules when faced with shocks that directly impact the financial cycle. In this context, the model shows that a monetary policy focused on its traditional inflation and output objectives accompanied by a well targeted counter-cyclical macroprudential policy yields better macroeconomic outcomes than a lean-against-the-wind monetary policy rule under a wide range of assumptions.
Keywords:
WP; monetary policy; loan; Taylor; housing loan; x inflation gap; Macroprudential policies; Lean-against-the-wind monetary policy rule; Dynamic stochastic general equilibrium model; Thailand; world interest rate; LTV rule; household LTV cap; Macroprudential policy instruments; Macroprudential policy; Financial sector stability; Housing; Inflation; monetary policy transmission; inflation stability; inflation gap; world interest rate shock
Cover IMF Survey
IMF Survey, Volume 31, Issue 05
International Monetary Fund. External Relations Dept.
Almost two months after the successful launch of euro notes and coins in the 12-member euro area, IMF First Deputy Managing Director Anne Krueger says Europe now needs to tackle outstanding economic reforms more forcefully to ensure that monetary union delivers on its promise. Speaking at the Royal Institute of International Affairs in London on February 25, she refrained from commenting on the pros and cons of U.K. entry into the euro area but observed that a “strong and prosperous European economy is essential to a strong and prosperous world economy.” Edited excerpts from Krueger s speech follow. The full text can be found on the IMFs website (www.imf.org.)
Keywords:
SV; IMF team; IMF Concludes; IMF staff country report; IMF's website; IMF publication service; IMF staff country; IMF managing director name; Housing; Income; Income inequality; Mortgages; Income distribution; Asia and Pacific; Global; Europe; Middle East; East Asia
Cover Finance & Development
Finance & Development, December 1970
International Monetary Fund. External Relations Dept.
This paper describes problems and prospects associated with urbanization. The paper sees the rapid urbanization in the less developed world not as a crisis that can be “dealt with” by urgent measures but as a major historical phenomenon that calls for analytical study as well as current action in the hope that it can be influenced to play a positive role in economic development. The paper also analyzes the exchange rates at the beginning of the 1970s.
Keywords:
FD; F&D; rate; opening address; country; boards of governors of the International Monetary Fund; contributions to the effort; Annual Meetings of the boards of governors; fund STAND-BY ARRANGEMENTS; project preparation; General account holding; Exchange rates; Currencies; Currency markets; Development assistance; Africa; Europe; North America; East Africa; Western Europe; Northern Europe