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Beating on the Thai Baht Conundrums (Part 2)
By Mikka Pineda
In the previous installment of "Beating on the Thai Baht Conundrums", we explained the baht's puzzling outperformance over its regional peers despite posting the weakest GDP growth, draconian capital controls and falling interest rates: A dramatically improved trade balance and foreign portfolio equity inflows coupled with restrictions on resident[...]