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Use of Financial Instruments In Rural Thailand

Author

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  • Esteban Puentes

Abstract

This paper presents a summary of Önancial access in rural Thailand. We Önd that household use an important variety of Önancial instruments and at the same time, there is a lot of heterogeneity at the province level. Additionally, a credit program implemented in 2002, increased the number of household with access to formal borrowing and decrease the importance of informal borrowing. During the whole period we observe a high correlation between wealth and Önancial access, interestingly, household that borrow informality are poorer than the household that do not borrow at all and household that borrow from commercial banks are the richest.

Suggested Citation

  • Esteban Puentes, 2011. "Use of Financial Instruments In Rural Thailand," Working Papers wp344, University of Chile, Department of Economics.
    • Handle: RePEc:udc:wpaper:wp344
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    References listed on IDEAS

    as
    1. Christian Ahlin & RobertM. Townsend, 2007. "Using Repayment Data to Test Across Models of Joint Liability Lending," Economic Journal, Royal Economic Society, vol. 117(517), pages 11-51, February.
    2. Joseph P. Kaboski & Robert M. Townsend, 2012. "The Impact of Credit on Village Economies," American Economic Journal: Applied Economics, American Economic Association, vol. 4(2), pages 98-133, April.
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    Cited by:

    1. Joseph P. Kaboski & Robert M. Townsend, 2011. "A Structural Evaluation of a Large‐Scale Quasi‐Experimental Microfinance Initiative," Econometrica, Econometric Society, vol. 79(5), pages 1357-1406, September.

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