Thai PM goes easy on ex-central bankers

THAILAND - It is premature to blame two former central bank governors for costing the state 44 billion baht in the failed attempt to defend the baht in 1996-97, Thailand's prime minister said on Mar 26, 2001.

Thaksin Shinawatra said he had yet to receive the report - commissioned by the Chuan government - that points the finger at Chaiyawat Wibulswasdi and Rerngchai Marakanond.

Mistakes by the ex-governors were not intentional, he said, and the bureaucracy was not well prepared to deal with

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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