Thailand deregulates capital account and creates the BIBF

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• Princes of the Yen whole source · open book

  In that year, Thailand implemented a policy of aggressive deregulation of the capital account and the establishment of the Bangkok International Banking Facility (BIBF). This banking facility enabled the corporate and banking sector to borrow liberally from abroad—the first time in the postwar era that Thai borrowers could do so.

  chapter: 17. The Asian Crisis and the Central Bankers

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• Richard Werner author of the source

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• Asian crisis and the blocked Asian Monetary Fund step 2
• Princes of the Yen: Japan built, bubbled, and broken step 231
• The lost decade: credit crunch, stimulus, and broken banks step 15

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