Publication:
Access to Capital in Rural Thailand: An Estimated Model of Formal vs. Informal Credit

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dc.contributor.authorGine, Xavier
dc.date.accessioned2012-06-25T14:56:59Z
dc.date.available2012-06-25T14:56:59Z
dc.date.issued2005-02
dc.description.abstractThe aim of this paper is to understand the mechanism underlying access to credit. The author 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.en
dc.identifierhttp://documents.worldbank.org/curated/en/2005/02/5610659/access-capital-rural-thailand-estimated-model-formal-versus-informal-credit
dc.identifier.doi10.1596/1813-9450-3502
dc.identifier.urihttps://hdl.handle.net/10986/8918
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper; No. 3502
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectAGRICULTURAL BANKS
dc.subjectAGRICULTURE
dc.subjectBORROWING
dc.subjectCAPITAL REQUIREMENT
dc.subjectCAPITAL REQUIREMENTS
dc.subjectCOLLATERAL
dc.subjectCOMMERCIAL BANKS
dc.subjectCOST OF CAPITAL
dc.subjectCREDIT INSTITUTIONS
dc.subjectCREDIT MARKETS
dc.subjectDEBT
dc.subjectDEMOGRAPHICS
dc.subjectDEPOSITS
dc.subjectEMPIRICAL RESEARCH
dc.subjectEMPIRICAL STUDIES
dc.subjectFARMS
dc.subjectFINANCIAL DATA
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INTERMEDIARIES
dc.subjectFIXED ASSETS
dc.subjectFIXED CAPITAL
dc.subjectFIXED COSTS
dc.subjectINCOME
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINFORMATION ASYMMETRIES
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANIES
dc.subjectINTEREST PAYMENT
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectLENDING INSTITUTIONS
dc.subjectLIVING STANDARDS
dc.subjectLOAN SIZE
dc.subjectMARGINS
dc.subjectMATCHING
dc.subjectMATURITIES
dc.subjectMATURITY
dc.subjectMAXIMUM LIKELIHOOD ESTIMATION
dc.subjectMONOPOLY RENTS
dc.subjectOPPORTUNITY COST
dc.subjectOPPORTUNITY COSTS
dc.subjectPRODUCTIVE ASSETS
dc.subjectPROFIT MARGINS
dc.subjectPROFITABILITY
dc.subjectPROXY
dc.subjectRURAL COMMUNITIES
dc.subjectSAVINGS
dc.subjectSAVINGS DEPOSITS
dc.subjectTHAILAND
dc.subjectTRADERS
dc.subjectTRANSACTION COSTS
dc.subjectWEALTH
dc.subjectWORKING CAPITAL
dc.titleAccess to Capital in Rural Thailand: An Estimated Model of Formal vs. Informal Crediten
dspace.entity.typePublication
okr.crossref.titleAccess to Capital in Rural Thailand: An Estimated Model of Formal versus Informal Credit
okr.date.doiregistration2025-04-10T10:17:15.544756Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2005/02/5610659/access-capital-rural-thailand-estimated-model-formal-versus-informal-credit
okr.globalpracticeFinance and Markets
okr.guid274871468782069850
okr.identifier.doi10.1596/1813-9450-3502
okr.identifier.externaldocumentum000112742_20050217164011
okr.identifier.internaldocumentum5610659
okr.identifier.reportWPS3502
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2005/02/17/000112742_20050217164011/Rendered/PDF/wps3502.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryThailand
okr.region.geographicalAsia
okr.topicEconomic Theory and Research
okr.topicFinance and Financial Sector Development::Financial Intermediation
okr.topicBanks and Banking Reform
okr.topicInternational Terrorism and Counterterrorism
okr.topicEnvironmental Economics and Policies
okr.topicPayment Systems and Infrastructure
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isAuthorOfPublication460a3e9c-f7d0-5335-977a-578f6fc8ebe3
relation.isAuthorOfPublication.latestForDiscovery460a3e9c-f7d0-5335-977a-578f6fc8ebe3
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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