Too much interest? Missteps shake confidence in Thai central bank
Article Abstract:
A series of mistakes and near-scandals have jarred widespread faith in the Bank of Thailand, long considered one of the best-run central banks in the region. The Dec 1995 dismissal of Ekamol Khiriwat as central-bank deputy governor and head of the Securities and Exchange Commission shocked many, and recent revelations that bank governor Vijit Supinji ignored conflicts of interest in making weighty decisions will not help. The bank also miscalled 1995 inflation and current-account figures, and is changing rules without notice.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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Exploring new paths
Article Abstract:
The proliferation of alternative forms of financing in Indonesia challenges the central bank's monetary-management capabilities while facilitating new kinds of business. In Aug 1995, Bank Indonesia laid down its first regulations for issuers of commercial paper, but securitization is perhaps the most popular and potentially worrisome trend. It is changing the definitions of credit and making M2, a measure of broad money supply, harder to track. The number and variety of financial companies have also increased sharply.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
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Battling China's inflation
Article Abstract:
China's new Central Bank Law does not suffice for the needs that it tries to address because of underlying problems that include an essential lack of independence. An inefficient state sector, political control, govt policies that undermine the bank's efforts, and political whipsawing all prevent it from effectively managing the economy. A system similar to the US Federal Reserve has been proposed, and some elements appear in the law, but monetary policy remains the preserve of the government.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
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