Thailand’s Bandid on macroprudential policy
Bandid Nijathaworn, a deputy governor of the Bank of Thailand, in 15 October discussed the central bank's successful use of macroprudential policies, and pointed to the lesson learned from its experiences.
Bandid said it was key to distinguish between macroprudential measures and capital controls. "Technically speaking, macroprudential policies apply to the calibration of regulatory measures from a system-wide perspective to dampen procyclicality arising from the interplay between the business
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