International Finance in Emerging Markets

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Focusing on contemporary issues in international monetary and financial economics, this book examines Thailand's emerging financial market through a welfare economics lens. It addresses key topics such as financial liberalization, crisis management, and capital control, emphasizing their social welfare implications. The author proposes a normative social approach based on the new welfare economics paradigm to analyze these challenges and formulate policies. Highlighting Thailand's rapid growth in the late 1980s and subsequent economic reforms, the book explores the complex interplay between financial policies and social welfare outcomes.