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International Finance in Emerging Markets

Issues, Welfare Economics Analyses and Policy Implications

  • Book
  • © 2008

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Part of the book series: Contributions to Economics (CE)

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Table of contents (9 chapters)

Keywords

About this book

This book reviews the contemporary issues in international monetary and financial economics (such as financial liberalisation, crisis, exchange rate determination, capital control, domestic capital market reform, etc.) in an emerging financial market such as Thailand from a welfare economic p- spective, highlighting the social welfare implications of these issues. This 3 book also suggests a normative social approach (as formalised in the new welfare economics paradigm) (see Islam 2001a,b for a discussion of this ; concept) for analysing and addressing these issues and formulating appr- riate policies. Undertaking the above tasks, the asymmetric information paradigm 3 and other elements of the new welfare economics paradigm are adapted in analysing the international financial issues of Thailand, their causes and economic and social welfare consequences. The last two decades have been a critical period for Thailand’s dev- opment. From the mid-1980s to the beginning of the 1990s, the Thai economy performed remarkably well and was a showcase for the world economy. Having achieved a double-digit growth rate for a brief period, Thailand in the late 1980s was regarded as the fastest growing economy in the world by the World Bank and the IMF. With prospects of further rapid economic growth, the Thai government accepted Article VIII of the IMF, which required Thailand to liberalise and deregulate its financial system.

Authors and Affiliations

  • Faculty of Management Sciences, Kasetsart University, Nonthaburi, Thailand

    Songporn Hansanti

  • Decision Sciences and Modelling Program CSES, Victoria University, Melbourne, Australia

    Sardar M. N. Islam

  • Centre for Strategic Economic Studies, Victoria University, Melbourne, Australia

    Peter Sheehan

Bibliographic Information

  • Book Title: International Finance in Emerging Markets

  • Book Subtitle: Issues, Welfare Economics Analyses and Policy Implications

  • Authors: Songporn Hansanti, Sardar M. N. Islam, Peter Sheehan

  • Series Title: Contributions to Economics

  • DOI: https://doi.org/10.1007/978-3-7908-2044-7

  • Publisher: Physica Heidelberg

  • eBook Packages: Business and Economics, Economics and Finance (R0)

  • Copyright Information: Physica-Verlag Heidelberg 2008

  • Hardcover ISBN: 978-3-7908-2043-0Published: 20 August 2008

  • Softcover ISBN: 978-3-7908-2555-8Published: 19 October 2010

  • eBook ISBN: 978-3-7908-2044-7Published: 22 July 2008

  • Series ISSN: 1431-1933

  • Series E-ISSN: 2197-7178

  • Edition Number: 1

  • Number of Pages: XII, 226

  • Topics: Macroeconomics/Monetary Economics//Financial Economics, Development Economics

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