An evaluation of financial institutions: Impact on consumption and investment using panel data and the theory of risk-bearing
The theory of the optimal allocation of risk and the Townsend Thai panel data on financial transactions are used to assess the impact of the major formal and informal financial institutions of an emerging market economy. We link financial institution assessment to the actual impact on clients, rathe...
| Main Authors: | , , |
|---|---|
| Other Authors: | |
| Format: | Article |
| Published: |
Elsevier
2017
|
| Online Access: | http://hdl.handle.net/1721.1/112207 https://orcid.org/0000-0002-1528-8102 |