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

Show simple item record

dc.contributor.author
Gine, Xavier
en_US
dc.date.accessioned
2012-03-30T07:34:29Z
en_US
dc.date.available
2012-03-30T07:34:29Z
en_US
dc.date.issued
2011
en_US
dc.identifier.citation
Journal of Development Economics
en_US
dc.identifier.issn
03043878
en_US
dc.identifier.uri
http://hdl.handle.net/10986/5777
en_US
dc.description.abstract
This paper analyzes the mechanism underlying access to credit, focusing on two important aspects of rural credit markets. 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 in obtaining external credit. We develop and estimate a model based on limited enforcement and transaction costs that provides a unified view of these facts. Based on data from Thailand, 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_US
dc.language.iso
EN
en_US
dc.relation.uri
http://creativecommons.org/licenses/by-nc-nd/3.0/igo
en_US
dc.subject
Banks
en_US
dc.subject
Other Depository Institutions
en_US
dc.subject
Micro Finance Institutions
en_US
dc.subject
Mortgages G210
en_US
dc.subject
Economic Development: Financial Markets
en_US
dc.subject
Saving and Capital Investment
en_US
dc.subject
Corporate Finance and Governance O160
en_US
dc.subject
Economic Development: Regional, Urban, and Rural Analyses
en_US
dc.subject
Transportation O180
en_US
dc.title
Access to Capital in Rural Thailand: An Estimated Model of Formal vs Informal Credit
en_US
dc.title.alternative
Journal of Development Economics
en_US
dc.type
Journal Article
en_US
okr.identifier.externaldocumentum
788
en_US
okr.volume
96
en_US
okr.region.country
Thailand
en_US
okr.doctype
Journal Article
en_US
dc.rights.holder
World Bank
en_US
okr.peerreview
Academic Peer Review
en_US
okr.relation.associatedurl
http://dx.doi.org/10.1016/j.jdeveco.2010.07.001
en_US
okr.relation.associatedurl
http://search.ebscohost.com/login.aspx?direct=true&db=eoh&AN=1244269&site=ehost-live
en_US
okr.relation.associatedurl
http://www.elsevier.com/wps/find/journaldescription.cws_home/505546/description#description
en_US
okr.externalcontent
External Content
en_US
okr.journal.nbpages
16-29
en_US
okr.relation.googlescholar
http://scholar.google.com/scholar?q=doi%3A10.1016%2Fj.jdeveco.2010.07.001
okr.googlescholar.linkpresent
yes

Show simple item record



Files in this item

FilesSizeFormatView

There are no files associated with this item.

This item appears in the following Collection(s)