Thailand History

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Thailand’s performance in managing its money and banking affairs through successful development and diversification of its financial institutions was impressive in the 1960s and 1970s. However, economic imbalances in the early 1980s and the rising tendency of governmental intervention put the financial sector under stress, thus reducing its efficiency in resource mobilization and allocation. Efforts to remedy the economic imbalances in the Fifth Economic Development Plan included restructuring monetary, exchange rate, and interest rate policies; strengthening the open securities market; and encouraging competition among financial institutions.

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