Access to capital in rural Thailand
Subtitle: An estimated model of formal versus informal credit
By: Xavier Gine.
Contributors: World Bank.
Series: Policy research working paper ;; 3502; Policy research working papers (Online) ;; 3502.
Publisher: World Bank
Published: 2005
Place of publication: [Washington, D.C
Language: eng
Format: Electronic resource
Subjects: Credit -- Thailand.; Rural development -- Thailand.
Description: "The aim of this paper is to understand the mechanism underlying access to credit.  Gine focuses on two important aspects of rural credit markets in Thailand.  First, moneylenders and other informal lenders coexist with formal lending institutions such as government or commercial banks, and more recently, micro-lending institutions.  Second, potential borrowers presumably face sizable transaction costs obtaining external credit.  The author develops and estimates a model based on limited enforcement and transaction costs that provides a unified view of those facts.  The results show that the limited ability of banks to enforce contracts, more than transaction costs, is crucial in understanding the observed diversity of lenders.  This paper--a product of the Finance Team, Development Research Group--is part of a larger effort in the group to understand access to credit"--World Bank web site.
Notes: Includes bibliographical references.
Title from PDF file as viewed on 1/28/2005.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.