Bank of Thailand's control over money supply confirmed, impacting economic stability.
The Bank of Thailand can control the amount of money circulating in the economy. By studying data from 1997 to 2017, researchers found that when the Bank increases the amount of money in circulation, the overall money supply also goes up. This relationship stays consistent over time, showing that the Bank has a stable influence on the money supply. This suggests that the Bank's current monetary policies are effective and reliable.