A money market for Thailand?
DOI:
https://doi.org/10.13133/2037-3643/10815Keywords:
Money markets, developing countries, Thailand, central bankAbstract
Many developing countries lack an established money market. Often this is because the banking system is unsophisticated and does not require a money market, or else there may be no central bank to oversee and foster the development of a market. In the case of Thailand, an extensive banking system and a well established central bank are both present. After considering how a money market might help in extending the range of financial services, the author examines the main instruments and characteristics that such a market might develop. This leads to some suggestions on how such a market could be established.
JEL: E41, E58, O53