The 1997 Thai financial crisis had far longer lasting consequences for financial access than aggregate measures suggest, driven by bank branch closures that were never reversed even after the broader economy recovered.
VoxDev
🆕 The long shadow of the 1997 financial crisis in Thailand
Today on VoxDev, Marc Rysman (Boston University), Robert M. Townsend (MIT) & Christoph Walsh (Tilburg University) discuss the long lasting consequences of bank branch closures: https://ow.ly/qcqm50Z9hry
VoxDev
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The 1997 Thai financial crisis had far longer lasting consequences for financial access than aggregate measures suggest, driven by bank branch closures that were never reversed even after the broader economy recovered.
