executive summary 1997 crisis was interplay between the property market bank lending and economy assess degree of financial fragility associated with attention to impacts interest rate increase banks mortgage portfolios questions how long will s be able withstand upturn in cycle without having ask borrowers for additional payment contributions what would impact on capital positions if there were a collapse prices section2 thailand navigating through boom bust cycles first since 1970 government housing established national authority decree provided credibility both developers consumers purchase sale 1973 oil shock caused building material up accompanied rise labor cost slowing demand fell 2nd 1976 80 institutions low rates homebuyer townhouses began emerge bangkok ended by bot limited only 18 credit growth many projects became incomplete new shelved 3rd 1986 transformation from an agricultural based
