Shock Therapy! : What Role for Thai Monetary Policy? /

Thailand had to endure three major shocks during 2008-2011: the global financial crisis, the Japanese earthquake, and the Thai floods of 2011. Over this period, consistent with its inflation targeting framework, the Bank of Thailand (BOT) let the exchange rate depreciate and cut interest rates (to,...

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Bibliographic Details
Main Author: Alp, Harun
Other Authors: Elekdag, Selim
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2012.
Series:IMF Working Papers; Working Paper ; No. 2012/269
Online Access:Full text available on IMF