1. interest rate liberalization was resumed; ceilings on all types of deposits were abolished in 1989-1990, and the ceiling on loan rates was removed in 1992. 1 during 1980-88, 2 during 1989-91, 3 from 1992 onward. Entry Barriers In 1990, foreign banks were permitted to enter with approval. The scope of financial instruments for all financial institutions was widened in 1992; finance and securities companies were allowed to set up banks outside Bangkok in 1995;Interest Rates Interest rate liberalization was intiated in 1980, but put on hold through the early 1980s,1980
2. Privatization The privatization of Krung Thai bank was initiated in 1991 and a further sale was made in 1993. Several bank privatizations occured in 1999. 0 during 1973-90, 1 during 1991-98, 2 from 1999 onward. International Transactions Capital and exchange controls were liberalized during 1989-1992; the IMF's Article VIII was accepted in 1990, and the capital account was freed in 1991;Regulations Supervisory powers of the central bank were strengthened in 1985. BIS capital adequacy guidelines were adopted in 1993. 1 during 1985-92, 2 from 1993 onward
3. Financial Reform: What Shakes It? What Shapes It?;Abdul Abiad;American Economic Review,2005
4. Was Prometheus Unbound by Chance? Risk, Diversification, and Growth;Daron Acemoglu;Journal of Political Economy,1997
5. Optimal Lending Contracts and Firm Dynamics;Rui Albuquerque;Review of Economic Studies,2004