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The credit risk-contingency system of an Asian development bank Author info | Abstract | Publisher info | Download info | Related research | Statistics Robert M. Townsend
Jacob Yaron
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This article offers a new method for the evaluation of financial institutions, one that combines socioeconomic survey data with appropriate accounting standards. A government-operated development bank in Thailand is found to be offering a risk-contingency or insurance system while being regulated as a more standard, loan-generating bank. Farmer clients experiencing adverse shocks receive indemnities that improve their well-being. With proper provisioning and accounts, that welfare gain could be weighed against premia or government subsidies.
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Article provided by Federal Reserve Bank of Chicago in its journal Economic Perspectives .
Volume (Year): (2001)
Issue (Month): Q III ()
Pages: 31-48
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Handle: RePEc:fip:fedhep:y:2001:i:qiii:p:31-48Contact details of provider: Postal: P.O. Box 834, 230 South LaSalle Street, Chicago, Illinois 60690-0834 Phone: 312/322-5111 Fax: 312/322-5515 Email: Web page: http://www.chicagofed.org/ More information through EDIRC
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Keywords: Financial crises - Asia Financial institutions - Thailand Thailand Other versions of this item:
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