Resource title

Financial Liberalisation in Emerging Markets: How Does Bank Lending Change?

Resource image

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Resource description

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.

Resource author

Olaf Hübler, Lukas Menkhoff, Chodechai Suwanaporn

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/22476

Resource license

Adapt according to the presented license agreement and reference the original author.