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It has overtly instructed Taiwanese banks not to lend local currency to foreign banks.
The government should be encouraging its citizens to save, not to lend, borrow, speculate, and shop.
In these instances, the banks have good reasons not to lend.
Urge them to memorize their secret PIN's and tell them not to lend cards.
But Cable warned UK banks did not have a new "excuse" not to lend.
"We try not to lend to anyone too influential," says a western banker involved in the scheme.
To defend it, the BoT introduced informal exchange controls, telling Thai banks not to lend baht to foreign speculators.
Banks and other lenders could then use this information to decide whether or not to lend to somebody.
Instead of effectively encouraging banks not to lend, the Fed should have been penalizing banks for holding excess reserves.
The decision not to lend to Olympia had been taken because of "significant environmental concerns" about the venue.
Creditors refused to roll over loans, and the central bank of the United Arab Emirates instructed its banks not to lend to the group.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com