For instance, the Bank of Thailand has implemented policy measures such as LTV limits for mortgage loans. Further improvements in financial infrastructure are also crucial; for example, in accounting practices, corporate governance, and the judicial system. At the same time, authorities should make efforts to further develop domestic financial markets so that financial intermediaries can make effective use of domestic savings.
A macro-prudential approach recommends that regulators and supervisors should consider potential systemic risk and the vulnerabilities of the environment in which financial institutions act. It will be fundamental to understand the interaction that exists between the financial system and the real economy.