Work

Financial Systems in Northern Thai Villages

Year: 1995

Type: article

Abstract: Field research attempted to measure the risky environments, the information structures, the institutions, and the risk-response mechanisms of ten villages in northern Thailand. Various key features are then modeled in an abstract but realistic way, either with a full-information risk-sharing model or an information-constrained version of the same model. Observations from some of the villages seem consistent with one or the other of these models, but in many of the villages one is left with risk-response variations across households which suggest that Pareto improvements are possible.

Source: The Quarterly Journal of Economics

DOI: 10.2307/2946647

Author: R. M. Townsend

Institution: University of Chicago

Language: English

Topic: Microfinance and Financial Inclusion

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: No poverty, Peace, justice, and strong institutions

Open Access status: green

OpenAlex ID: W2034086333

FWCI: 22.25

Cites: 33

Cited by: 185

Related to: 10