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Financial sector policy in Thailand : a macroeconomic perspective (Inglés)

The recent Thai boom has been accomplished in an economy with considerable openness to external forces. Despite the fiscal correction achieved during 1986-89, the domestic demand expansion has made itself felt in a widening of the current account deficit. While this deficit partly reflects the need for a surge of capital expenditure to avail of export prospects and to provide the necessary infrastructure, care will have to be taken to ensure that...
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