July 2005
Asia Monitor: South East Asia Monitor Volume 1;Jul2005, Vol. 16 Issue 7, p2
Country Report
Country Report
This article focuses on how the former governor of the Thai central bank during the Asian financial crisis, Rernghai Marakanond, has been fined $4.6 billion for his role during the crisis. The figure is the amount equivalent to what Marakanond spent trying to prop up the Thai currency during the crisis. The case, which was brought by the Thai government, means that the former governor is being held personally responsible for the meltdown. In a statement, the judge said that the defendant committed grave negligence by using the country's foreign reserves until they went into deficit.


Related Articles

  • Economic Structure and Context: Financial System.  // Mozambique Country Monitor;Mar2012, p16 

    The article offers information on the financial system in Mozambique as of 2012 including the financial crisis from 2000-2001, the creation of independent central Banco de Mozambique (BDM), and exchange rate conditions.

  • Balance of-Payments Crises and Devaluation. OBSTFELD, MAURICE // Journal of Money, Credit & Banking (Ohio State University Press);May84, Vol. 16 Issue 2, p208 

    This article presents an examination of balance-of-payments crises and the devaluation of currency. The author examines some of the causes and consequences that a balance-of-payment deficit can have on a country's economy such as how it can impact exchange rates. The author presents an...

  • A Model of Balance-of-Payments Crises. Krugman, Paul // Journal of Money, Credit & Banking (Ohio State University Press);Aug79, Vol. 11 Issue 3, p311 

    The article focuses on the common structure of balance of payments based financial crises in monetary policy. An overview is provided for various means of government control over currency depreciation through open-market operations, forward exchange market intervention, and foreign asset...

  • Open and Operating: Providing Liquidity to Avoid Crisis. Champ, Bruce // Economic Commentary;2/15/2003, p1 

    Examines the banking crises that occurred during one of the times when the U.S. had no central bank an era referred to as the national banking period 1863-1913.

  • Does central bank intervention stabilize foreign exchange rates? Bonser-Neal, Catherine // Economic Review (01612387);1996, Vol. 81 Issue 1, p43 

    Focuses on the impact of central banks' intervention in the foreign exchange markets on the stabilization of exchange rates in industrialized countries. Reasons for central banks' intervention in the foreign exchange markets; Controversy over central banks' ability to stabilize exchange rates;...

  • International Activity: Swap Lines.  // Economic Trends (07482922);Oct2008, p7 

    The article reports on the swap lines offered by the U.S. Federal Reserve which facilitates world key central banks to exchange the U.S. dollars for the foreign currency in the wake of the current financial crisis. The Federal Reserve is helping to provide dollar liquidity to foreign markets by...

  • An Analytical Perspective of Global Melt Down Vis-A-Vis Perceptible Escalation in Gold Price with Special Reference to India. Suresh, Anli // Journal of Finance, Accounting & Management;Jul2012, Vol. 3 Issue 2, p79 

    Shooting gold prices have attracted Indian investors since the onset of the global economic crisis in 2007. The World Gold Council (WGC) anticipates India to import 1,000 tons of gold by 2012. This yearly imports to India is expected to reach the equivalent of Switzerland's total gold reserves....

  • Beyond the global financial market crisis. Davis, Kevin // inFinance;Dec2008, Vol. 122 Issue 5, p12 

    The article discusses what the financial sector would look like after the global financial market crisis in Australia. The author states that asset price inflation will become the focus of the central banks. He states that financial innovations such as securitisation techniques will recover. He...

  • Editor's Introduction. Slay, Ben // Problems of Economic Transition;Oct2002, Vol. 45 Issue 6, p3 

    Introduces articles on the problems of the Central Bank of Russia, published in the October 2002 issue of 'Problems of Economic Transition.' Macroeconomic implications of an exchange rate policy; Status, functions and authority of the central bank.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics