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Jonathan Michie

attempting to secure television rights, since the biggest and most popular club would already be owned by one of the other broadcasting companies. This would no doubt have provoked those other broadcasters to buy up top football clubs themselves. Whether the BBC would have been permitted to defend itself in this way is, however, rather to be doubted. Nor would such a defense of the BBC’s interests be something to be welcomed; on the contrary, it would replicate many of the anti-competitive dangers described in this section, and would further divide the Premiership between

in Market relations and the competitive process
Open Access (free)
Crisis, reform and recovery
Shalendra D. Sharma

was now a matter of time before more sustained speculative attacks would begin. The attack came in several waves: first on May 10, 1996, when the country’s ninth-largest commercial bank, the Bangkok Bank of Commerce (BBC) collapsed (despite the massive injections of liquidity by the BOT), under the weight of non-performing property loans that totaled nearly half its US$7.2 billion of assets (Economist 1996, 77). Though the BBC was run by a well-connected former central bank official, Krikkiat Jalichandra, it came to public light “that the central bank knew in 1993

in The Asian financial crisis