Thailand seeks measures to regulate capital inflows – The Nation

Thai Finance Minister has hinted that the country’s central bank are considering levying Tobin tax to transactions involving foreign capital inflows as one of the options aimed to avoid massive capital flight that is destructive to the economy. Authorities are carefully monitoring the rate of speculative capital flows which so far has not been quite significant. The central bank also expressed confidence that Thailand’s financial institutions have little exposure to European countries struggling with debt issues thus will not be greatly affected with the current crisis. Read full story here.

Or go to: http://www.nationmultimedia.com/2010/11/26/business/Tobin-tax-an-option-to-curb-inflows-30143198.html

Tags: Thailand, Tobin tax, levy, capital inflow, hot money, speculators, finance