Due to the present development stage of the Thai economy, the role of non-bank financial
institutions has become a most important issue. That is why we focus on this aspect which will
receive even increased attention during the next decade. This focus serves a second purpose as it
illustrates the race between dynamic market forces pushing forward and authorities aiming for a
consistent regulation of the financial sector. An efficient balancing of these forces will decide
about the financial system’s long-run success (Rajan & Zingales, 2003).
The rest of the paper is structured from general to the specific and unfolds as follows: Section 2
contains the long-term perspective structuring our discussion. Section 3 describes measures of
financial crisis resolution in short, whereas we put more emphasis on Section 4 which presents
the measures taken thereafter, i.e. roughly during the last 5 years. Section 5 turns to recent
developments of non-banks financial institutions which are heavily engaged in the market for
personal, i.e. mainly consumer, loans. Finally, Section 6 concludes.
Due to the present development stage of the Thai economy, the role of non-bank financialinstitutions has become a most important issue. That is why we focus on this aspect which willreceive even increased attention during the next decade. This focus serves a second purpose as itillustrates the race between dynamic market forces pushing forward and authorities aiming for aconsistent regulation of the financial sector. An efficient balancing of these forces will decideabout the financial system’s long-run success (Rajan & Zingales, 2003).The rest of the paper is structured from general to the specific and unfolds as follows: Section 2contains the long-term perspective structuring our discussion. Section 3 describes measures offinancial crisis resolution in short, whereas we put more emphasis on Section 4 which presentsthe measures taken thereafter, i.e. roughly during the last 5 years. Section 5 turns to recentdevelopments of non-banks financial institutions which are heavily engaged in the market forpersonal, i.e. mainly consumer, loans. Finally, Section 6 concludes.
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