Between 1983 and 1984, 15 Thai finance companies went under, and many others were distressed. Authorities were faced with the choice of rescuing the troubled institutions or closing them down. Closing an institution is often less costly, financially, than rescuing it. The risk in closing institutions is that you might set off systemwide panic that hurts both the domestic market and the country's ability to attract foreign funds. Although some companies...
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INFORMATION
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1989/12/31
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Document de travail de recherche sur les politiques
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WPS283
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1
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1
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2010/07/01
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Experiences of financial distress in Thailand
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finance company
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