A money market for Thailand?



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


Money markets, developing countries, Thailand, central bank

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ISSN 2037-3643

Reg. Tribunale di Roma n.377/2009 del 19/11/2009