IDEAS home Printed from https://ideas.repec.org/a/tpr/asiaec/v5y2006i2p117-129.html
   My bibliography  Save this article

The Buffeting of Thailand by the Unholy Trinity of Avian Inºuenza, Tsunami, and the Oil Price Shock

Author

Listed:
  • Bhanupong Nidhiprabha

    (Faculty of Economics Thammasat University 2 Prachan Road Bangkok 10200 Thailand)

Abstract

The analysis of three recent shocks to the Thai economy suggests several lessons for economic management. The adverse consequences of the external shocks dissipate when economic agents adjust their behavior to the new environment. Appropriate policy responses are crucial in shortening the duration of an economy's deviation from its pre-shock growth path. Any intervention, either in energy or exchange rate markets, to maintain fixed prices will inevitably be costly and ineffective. Any attempt to cover up a brewing crisis will destroy public confidence, aggravate the situation, and deepen the crisis. Therefore, transparency in economic management is essential. (c) 2006 The Earth Institute at Columbia University and the Massachusetts Institute of Technology.

Suggested Citation

  • Bhanupong Nidhiprabha, 2006. "The Buffeting of Thailand by the Unholy Trinity of Avian Inºuenza, Tsunami, and the Oil Price Shock," Asian Economic Papers, MIT Press, vol. 5(2), pages 117-129, Spring/Su.
    • Handle: RePEc:tpr:asiaec:v:5:y:2006:i:2:p:117-129
    as

    Download full text from publisher

    File URL: http://www.mitpressjournals.org/doi/pdfplus/10.1162/asep.2006.5.2.117
    File Function: link to full text
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Bhanupong Nidhiprabha, 2019. "Commodity Price Cycles, the Agricultural Trap, and Thailand's Incessant Subsidies," Asian Economic Papers, MIT Press, vol. 18(2), pages 49-69, Summer.
    2. Jiyoun An & Bokyeong Park, 2019. "Natural Disasters and International Financial Accessibility in Developing Countries," Asian Economic Papers, MIT Press, vol. 18(1), pages 245-261, Winter/Sp.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tpr:asiaec:v:5:y:2006:i:2:p:117-129. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kelly McDougall (email available below). General contact details of provider: https://direct.mit.edu/journals .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.