รัฐบาลไทยเลือกใช้นโยบายแลกเปลี่ยนแบ

รัฐบาลไทยเลือกใช้นโยบายแลกเปลี่ยนแบบคงที่

การใช้ระบบอัตราแลกเปลี่ยนคงที่และปล่อยให้เงินทุนเคลื่อนย้ายเสรี โดยขาดการกำกับดูแลที่มีประสิทธิภาพ ผลดีของระบบอัตราแลกเปลี่ยนคงที่ คือ ช่วยให้มีการควบคุมเสถียรภาพด้านราคา แต่มีผลเสียต่อดุลบัญชีเดินสะพัด กล่าวคือ การกำหนดอัตราแลกเปลี่ยนคงที่ ในขณะที่ระดับเงินเฟ้อในประเทศปรับตัวสูงขึ้น เท่ากับว่ารัฐบาลช่วยให้ราคาสินค้านำเข้าได้เปรียบในการแข่งขันกับสินค้าในประเทศ ทำให้ประสิทธิภาพของนโยบายการเงินในการควบคุมปริมาณเงินด้อยลง
การโจมตีค่าเงินบาท
these keys led Thailand's economy faced a crisis in 1997
สาเหตุเหล่านี้ได้นำพาประเทศไทยไปสู่การเผชิญหน้ากับวิกฤตการณ์ทางการเงินในปี1997
You may more specifically also reflect that the participants in the interbank market enjoy access to large deposits, better management of exchange rate risks and opportunities for profit.

-Large imports financed by foreign investments (implying current account deficit and financial account surplus), including borrowing by domestic firms from the cheaper foreign markets. Thus, once the foreign investors were concerned and foreign capital inflow stopped, it was hard for the Thai government to maintain the exchange rate; and with the currency's fall, followed by neighbouring countries' devaluations to maintain competitiveness, the crisis evolved.
-Also, the context embodied a situation of crony capitalism; and dealings were often influenced by relationship with government officials, rather than market driven factors. Thus, unethical practises also contributed to the crisis.
-The deregulation of market and banks, in a context arguably unprepared for associated dynamism, also led to the situation.
There are several lessons, including:
-The importance of rationally halting local expansion and boosting foreign currency reserve to hedge against similar attacks in the face of such crisis.
-Also, the importance of good corporate governance to protect against unethical practices.
The crisis was addressed by government intervention and institutional reforms, especially with programs targeting financial account deficit.


For P7, could mention that the applicable formula is due to expression of the rates in foreign currency terms.

Results (English) 1:

The Government of Thailand choose to use a static exchange policy.The use of fixed exchange rate system and allow free movement of capital by a lack of effective governance. The same effect of the fixed exchange rate system is to help with the control of price stability, but the effect on account balances liquid. That is, to set a fixed exchange rate while the inflation level in the country, an increase equal to the price that the Government allows the import competitive edge with the goods in the country. Performance of monetary policy to control the quantity of money, poor.The attack on the Thai bahtthese keys led Thailand's economy faced a crisis in 1997These reasons have led the country in Thailand to face financial crisis in 1997.You may more specifically also reflect that the participants in the interbank market enjoy access to large deposits, better management of exchange rate risks and opportunities for profit.-Large imports financed by foreign investments (implying current account deficit and financial account surplus), including borrowing by domestic firms from the cheaper foreign markets. Thus, once the foreign investors were concerned and foreign capital inflow stopped, it was hard for the Thai government to maintain the exchange rate; and with the currency's fall, followed by neighbouring countries' devaluations to maintain competitiveness, the crisis evolved. -Also, the context embodied a situation of crony capitalism; and dealings were often influenced by relationship with government officials, rather than market driven factors. Thus, unethical practises also contributed to the crisis.-The deregulation of market and banks, in a context arguably unprepared for associated dynamism, also led to the situation.There are several lessons, including:-The importance of rationally halting local expansion and boosting foreign currency reserve to hedge against similar attacks in the face of such crisis.-Also, the importance of good corporate governance to protect against unethical practices.The crisis was addressed by government intervention and institutional reforms, especially with programs targeting financial account deficit. For P7, could mention that the applicable formula is due to expression of the rates in foreign currency terms.

Results (English) 2:

Thailand government chose a policy of fixed exchange using constant exchange rates and allowing the free movement of capital. The lack of effective oversight. Effective system of fixed exchange rates is helping to control price stability. But there is a negative effect on the current account balance, ie the exchange rate stable. While the level of inflation in the country rose. This means the government allows the import price advantage in competition with domestic products. The effectiveness of monetary policy in controlling the money supply diminished attack on the baht these keys led Thailand's economy faced a crisis in 1997 , these causes can lead Thailand into the face of the financial crisis in 1997 You May More specifically also Reflect. that the participants in the interbank market Enjoy Access to Large deposits, Management of Exchange rate risks and better opportunities for profit. -Large Imports financed by Second Investments (implying current Account Deficit and Financial Account surplus), including borrowing by domestic firms from the Cheaper. foreign markets. Thus, once the foreign investors were concerned and foreign capital inflow stopped, it was hard for the Thai government to maintain the exchange rate; and with the currency's fall, followed by neighbouring countries' devaluations to maintain competitiveness, the crisis evolved. -Also, the context of Crony capitalism embodied a situation; and Dealings with Government officials were often influenced by Relationship, rather than market factors Driven. Thus, unethical practices also contributed to the Crisis. -The market and deregulation of Banks, in a context. arguably unprepared for associated dynamism, also LED to the situation. There are several Lessons, including: -The importance of halting rationally Expansion and boosting local currency Reserve Second Similar to Hedge against such attacks in the Face of Crisis. -Also, the importance of. Corporate governance Practices to Protect against unethical good. The Crisis was addressed by Government intervention and institutional reforms, especially with programs targeting Financial Account Deficit. For P7, could mention that the Formula is applicable Due to the Expression of Rates in Second currency terms.

Results (English) 3:

The Thai government policy exchange using static

.The use of fixed exchange rate system and let the capital flows freely. The lack of effective supervision Effect of fixed exchange rate system is to help to control price stability.The exchange rate is stable. While the level of inflation in the country increased. The government allows import price advantage in competition with the goods in the country.The devaluation
these keys led Thailand 's economy faced a crisis in 1997
these causes has led the country to การเผชิญหน้ากับ financial crisis in 1997
You. May more specifically also reflect that the participants in the interbank market enjoy access to, large depositsBetter management of exchange rate risks and opportunities for profit.

- Large imports financed by foreign investments. (implying current account deficit and financial account surplus), including borrowing by domestic firms from the cheaper. Foreign markets. Thus once the, foreign investors were concerned and foreign capital, inflow stoppedIt was hard for the Thai government to maintain the exchange rate; and with the currency 's fall followed by, neighbouring. Countries' devaluations to, maintain competitiveness the crisis evolved.
- Also the context, embodied a situation of crony. Capitalism; and dealings were often influenced by relationship with government officials rather than, market driven factors.? Thus.