TY - JOUR
T1 - The impact of the financial crisis on the productivity of Thailand's financial institutions
AU - Semenick Alam, Ila M.
AU - Leightner, Jonathan E.
PY - 2001
Y1 - 2001
N2 - Using a new dataset of Thai financial institutions, this paper analyzes the dynamics of productivity over the past decade (1989-1998), including the impact of the financial crisis of recent history. We find productivity increased substantially in the wake of Thailand's financial liberalization (1992-1996); this was followed by a precipitous fall during the crisis (1996-1997). To test the robustness several specifications are undertaken: four models (differing with respect to whether or not risk and deposits are included as inputs), and two frontiers (one where banks and finance companies are treated separately, the other where the data are pooled) are analyzed.
AB - Using a new dataset of Thai financial institutions, this paper analyzes the dynamics of productivity over the past decade (1989-1998), including the impact of the financial crisis of recent history. We find productivity increased substantially in the wake of Thailand's financial liberalization (1992-1996); this was followed by a precipitous fall during the crisis (1996-1997). To test the robustness several specifications are undertaken: four models (differing with respect to whether or not risk and deposits are included as inputs), and two frontiers (one where banks and finance companies are treated separately, the other where the data are pooled) are analyzed.
KW - Financial crisis
KW - Financial institution
KW - Liberalization
KW - Productivity change
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U2 - 10.1142/S0217590801000309
DO - 10.1142/S0217590801000309
M3 - Article
AN - SCOPUS:0035557092
SN - 0217-5908
VL - 46
SP - 153
EP - 177
JO - Singapore Economic Review
JF - Singapore Economic Review
IS - 2
ER -