Front Matter

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© 2006 International Monetary Fund

January 2006

IMF Country Report No. 06/19

Thailand: Selected Issues

This Selected Issues paper for Thailand was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on August 16, 2005. The views expressed in this document are those of the staff team and do not necessarily reflect the views of the government of Thailand or the Executive Board of the IMF.

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Front Matter Page



Selected Issues

Prepared by Giovanni Dell’Ariccia, Ivan Tchakarov (all APD), and Martin Schindler (RES)

Approved by Asia and Pacific Department

August 16, 2005


  • I. Overview

  • II. The Role of Interest Rates in Business Cycle Fluctuations in Emerging Countries: The Case of Thailand

    • A. Introduction

    • B. Interest Rates and Business Cycle

    • C. The Global Economy Model with the Financial Accelerator

    • D. Interest Rate and Credit Spread Shocks

    • E. What Role for Monetary Policy?

    • References

  • III. Financial Crises and Growth

    • A. Introduction

    • B. Financial Crises and Growth

    • C. The Case of Thailand

    • D. Conclusion

    • References

  • IV. Credit Booms: The Good, the Bad, and the Ugly?

    • A. Introduction

    • B. Stylized Facts

    • C. Data and Methodology

    • D. Results

    • E. Related Literature

    • References

Thailand: Selected Issues
Author: International Monetary Fund