Thailand is experiencing a flood of inflows. Not just of water, but of funds. As a result of these inflows, the baht has appreciated by over 12% this year. We usually try to comfort ourselves with the thought that our appreciation is "in line" with the region. But in this case, we have appreciated by more than everyone else. What to do? There are no easy options. Each option has its drawbacks....
To read full article, click on title. First published in Bangkok Post, 9 November 2010.
