"Some firms even take on debts to buy back equities from shareholders, thereby reducing their equity base. Moreover, some large corporations have increasingly engaged in new investments outside their core businesses, making risk assessments challenging." International fund flows could lead to two-way volatility in exchange rates and asset prices, he said. With the prospect that low interest rates and excess liquidity will not end soon, the volatile nature of exchange rates and asset prices will only intensify. "It is therefore important that we all do our part to increase our resilience against exchange rate volatility and reduce its impact on the Thai economy.

Source: Bangkok Post November 26, 2019 23:15 UTC