Details
| Originalsprache | Englisch |
|---|---|
| Seiten (von - bis) | 393-415 |
| Seitenumfang | 23 |
| Fachzeitschrift | World Economy |
| Jahrgang | 31 |
| Ausgabenummer | 3 |
| Frühes Online-Datum | 21 Feb. 2008 |
| Publikationsstatus | Veröffentlicht - März 2008 |
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 collateral-based and relationship banking. However, the liberal-isation 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.
ASJC Scopus Sachgebiete
- Betriebswirtschaft, Management und Rechnungswesen (insg.)
- Bilanzierung
- Volkswirtschaftslehre, Ökonometrie und Finanzen (insg.)
- Finanzwesen
- Volkswirtschaftslehre, Ökonometrie und Finanzen (insg.)
- Volkswirtschaftslehre und Ökonometrie
- Sozialwissenschaften (insg.)
- Politikwissenschaften und internationale Beziehungen
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in: World Economy, Jahrgang 31, Nr. 3, 03.2008, S. 393-415.
Publikation: Beitrag in Fachzeitschrift › Artikel › Forschung › Peer-Review
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TY - JOUR
T1 - Financial Liberalisation in Emerging Markets
T2 - How Does Bank Lending Change?
AU - Hübler, Olaf
AU - Menkhoff, Lukas
AU - Suwanaporn, Chodechai
PY - 2008/3
Y1 - 2008/3
N2 - 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 collateral-based and relationship banking. However, the liberal-isation 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.
AB - 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 collateral-based and relationship banking. However, the liberal-isation 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.
UR - http://www.scopus.com/inward/record.url?scp=39749091235&partnerID=8YFLogxK
U2 - 10.1111/j.1467-9701.2007.01067.x
DO - 10.1111/j.1467-9701.2007.01067.x
M3 - Article
AN - SCOPUS:39749091235
VL - 31
SP - 393
EP - 415
JO - World Economy
JF - World Economy
SN - 0378-5920
IS - 3
ER -