Three Essays In Banking Sector Of Thailand
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Three Essays In Banking Sector Of Thailand
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Author : Itthipong Mahathanaseth
language : en
Publisher:
Release Date : 2011
Three Essays In Banking Sector Of Thailand written by Itthipong Mahathanaseth and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
This dissertation consists of three essays. The first essay examines the cost efficiency and production technology in the banking sector of Thailand using a stochastic frontier approach. The empirical results indicate that banks with lower Non-performing-loanto-total-loan ratio, higher equity-to-total-asset ratio, higher liquid-asset-to-total-asset ratio, and more branches are likely to be more efficient. The second essay investigates the degree of competition in the banking industry using the new empirical industrial organization approach. The empirical results indicate that, despite the Thailand government's efforts to increase competition in the banking industry by relaxing restrictions on entry to the market after the financial crisis, the oligopolistic degree of the biggest four banks has intensified. The third essay links the results of the first and second essays, cost efficiency and competition in the banking sector, to the transmission mechanism of monetary policy in Thailand using Vector Autoregression approach. The empirical results indicate that an unexpected tightening monetary policy shock leads to higher financial costs in the banking industry, forcing banks to compete more fiercely and operate more efficiently, significantly helping strengthen the transmission of monetary policy. Hence, the policy implication is that Thai government should exert more effort to enhance efficiency and competition in the banking sector.
Three Essays On The Dynamics Of International Finance In Southeast Asia
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Author : Sahminan
language : en
Publisher:
Release Date : 2005
Three Essays On The Dynamics Of International Finance In Southeast Asia written by Sahminan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Banks and banking categories.
Three Essays On Capital Flows Banking Weakness And Real Exchange Rates In East Asia And Latin America
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Author : Mohamed Hassan
language : en
Publisher:
Release Date : 2002
Three Essays On Capital Flows Banking Weakness And Real Exchange Rates In East Asia And Latin America written by Mohamed Hassan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Banks and banking categories.
Thailand
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Author : International Monetary Fund. Monetary and Capital Markets Department
language : en
Publisher: International Monetary Fund
Release Date : 2019-10-24
Thailand written by International Monetary Fund. Monetary and Capital Markets Department and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-10-24 with Business & Economics categories.
This technical note on the risk assessment for Thailand discusses that the Thai banking system shows a substantial resilience to severe shocks. The solvency stress tests indicate that the largest banks can withstand an adverse scenario broadly as severe as the Asian financial crisis. While three banks would deplete their capital conservation buffer (CCB) under the adverse scenario, recapitalization needs would be minimal. A battery of complementary sensitivity stress tests, which allows to cover in more detail certain risk factors, also confirmed the overall picture of a resilient baking system: no particular vulnerability emerged from the analysis of the bond portfolio to an increase in government and corporate spreads, exposure to foreign exchange risk, and concentration risk in the loan portfolio, with the possible exception of one entity with a particular concentration on single-name exposures. The liquidity stress test on investment funds (IFs) showed that they would be able to withstand a severe redemption shock and its impact on the banks and the bond market would be limited.
Three Essays On Banking Deposit Insurance And Financial Crises
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Author : Sungkyu Kwak
language : en
Publisher:
Release Date : 2001
Three Essays On Banking Deposit Insurance And Financial Crises written by Sungkyu Kwak and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.
Three Essays On Commercial Banks And Financial Distress
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Author : Prakit Narongtanupon
language : en
Publisher:
Release Date : 2004
Three Essays On Commercial Banks And Financial Distress written by Prakit Narongtanupon and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Banks and banking categories.
Three Essays On Bank Passivity And Bargaining
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Author : Junghee Park
language : en
Publisher:
Release Date : 2004
Three Essays On Bank Passivity And Bargaining written by Junghee Park and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with categories.
Three Essays On Efficiency Motivations For Foreign Entry And Competition And Risk In South East Asian Banking
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Author : Linh Hoai Nguyen
language : en
Publisher:
Release Date : 2007
Three Essays On Efficiency Motivations For Foreign Entry And Competition And Risk In South East Asian Banking written by Linh Hoai Nguyen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.
Three Essays In International Economics
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Author : Ling Huang
language : en
Publisher:
Release Date : 2001
Three Essays In International Economics written by Ling Huang and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.
Three Essays On The Transmission Of The Korean Financial Crisis To The Real Sector
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Author : Jong Hun Kim
language : en
Publisher:
Release Date : 2005
Three Essays On The Transmission Of The Korean Financial Crisis To The Real Sector written by Jong Hun Kim and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Corporations categories.
The main purpose of this dissertation is to identify the prominent channels through which financial decisions are transmitted to real economic activities with three different empirical studies. The first essay examines investment behavior and the effects of financing constraints among Korean manufacturing firms before and after the 1997 financial crisis using a firm-level panel data. The results indicate that investment depends on both sales and the level of cash balances. Firms' financing constraints, as measured by their cash balances, turn out to be binding in financially "weaker" groups such as younger firms and those with lower dividend payouts. The second essay identifies the role of non-monetary factors using a methodology similar to Bernanke's (1983) study of the Great Depression in the United States. We find that increases in the spread between market interest rates and government bond yields, which is a measure of the cost of credit intermediation, whether caused by shifts in business risk or lowered expectations for the Korean economy among international investors, explain the decline in output more fully than frameworks relying only on a fall in the real stock of money. The results, obtained from structural regression equations, unrestricted vector autoregressive systems, and the accompanying dynamic forecasts, suggest that the causes of the crisis lie in factors far deeper than shifts in precautionary and speculative demands for the won. We also find that the credit crunch following the crisis affected light industry more emphatically than heavy industry. The third essay examines the impact of financial factors on economic growth in several East Asian countries using macroeconomic panel data and various estimation techniques. The dynamic panel vector autoregressive analysis shows that growth in these countries was to some extent "finance-led." We do not find that the relationship between finance and growth differs between the four countries that experienced crises (Indonesia, Korea, Malaysia and Thailand) and the other countries that did not. The results suggest that we may not be able to blame the financial sector solely as the main trigger of the economic crisis. While these essays focus on the 1997 East Asian crisis, and may give more attention on the Korean episode, we believe that they shed light on financial and economic developments more generally since the crisis could happen to any country, especially when they are on a path to having more developed and internationally open economies.