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Financial Systems in Developing Economies
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Financial Systems in Developing Economies: Growth, Inequality and Policy Evaluation in Thailand

Robert M. Townsend

Abstract

This book evaluates the financial system of Thailand, a proto-typical developing economy. Specifically, the book evaluates the impact of financial institutions, markets, and policies on growth, inequality, poverty, and the welfare of households and businesses. A repeated theme is the description of the Thai economy as an integrated micro/macro, general equilibrium system, with the choices of diverse individual agents limited by obstacles to trade and aggregated up to explain macro variables. Various government program innovations, and plausibly exogenous variation in access to intermediation, ... More

Keywords: Thailand, developing economy, financial institutions, equilibrium system, GDP, poverty reduction

Bibliographic Information

Print publication date: 2011 Print ISBN-13: 9780199533237
Published to Oxford Scholarship Online: January 2011 DOI:10.1093/acprof:oso/9780199533237.001.0001

Authors

Affiliations are at time of print publication.

Robert M. Townsend, author
Elizabeth and James Killian Professor of Economics at MIT

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