An Evaluation of Safety Nets and Financial Institutions in Crisis and Growth *

@inproceedings{Alem2004AnEO,
  title={An Evaluation of Safety Nets and Financial Institutions in Crisis and Growth *},
  author={Mauro Alem and Robert M. Townsend},
  year={2004}
}
The theory of the optimal allocation of risk and some unusual panel data on financial transactions are used to assess the vulnerability of key demographic groups, hence the potential need for safety nets, both during a financial crisis and then in a recovery period, in Thailand. Likewise the major formal and informal financial institutions are assessed in crisis and growth, not based on ratios and non-performing loans, but rather by their riskreallocation impact on households and small business… CONTINUE READING