| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5087396 | Journal of Asian Economics | 2012 | 13 Pages |
Abstract
⺠We investigate the impact of the capital control (URR) in Thailand. ⺠We find that it was incompletely effective in stabilizing the Thai currency. ⺠The reductions in total amount and altering its composition of capital inflows. ⺠Limited impact on the stock market as foreign equity investment was exempted from the measure. ⺠Adverse effects: a wider spread between onshore and offshore rates, a bearish market sentiment, an obstacle to the debt market development, and a negative effect on the credibility of the Monetary Authority.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Pongrapeeporn Abhakorn, Nongnuch Tantisantiwong,