Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/22476
Authors: 
Hübler, Olaf
Menkhoff, Lukas
Suwanaporn, Chodechai
Year of Publication: 
2007
Series/Report no.: 
Diskussionspapiere des Fachbereichs Wirtschaftswissenschaften, Universität Hannover 364
Abstract: 
Financial liberalisation has often failed in the past due to underestimated problems of structural change. We analyse such changes in lending behaviour of Thai commercial banks during a liberalisation phase by way of unique micro data. Liberalisation has expected positive effects, such as lowering the interest rate spread and collateral requirements. Liberalisation causes structural change, such as a decline in collateralbased and relationship banking. However, the liberalisation evidence is consistent with more risk taking, such as lending to more risky projects and less protection against default. The Thai experience suggests obvious policy lessons.
Subjects: 
financial liberalisation
lending decisions
emerging economies
Thailand
JEL: 
G21
F30
O16
Document Type: 
Working Paper

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