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@article{ Menkhoff2007, title = {On the rationale of bank lending in pre-crisis Thailand}, author = {Menkhoff, Lukas and Suwanaporn, Chodechai}, journal = {Applied Economics}, number = {9}, pages = {1077-1089}, volume = {39}, year = {2007}, doi = {https://doi.org/10.1080/00036840500447815}, urn = {https://nbn-resolving.org/urn:nbn:de:0168-ssoar-239692}, abstract = {Evidence from credit files is provided to examine bank lending determinants of Thai commercial banks. Their lending practice follows reasonable patterns as a standard set of variables, including indirect risk variables, explains much of the variance in interest rate spread. Reflecting institutional differences with mature markets, we find higher im-portance of relationship banking and risk control via credit availability. Information about later default reveals prudent relationship lending. However, banks could have made bet-ter use of available information about borrowers' riskiness. These findings do not sup-port a general verdict of bad banking but indicate room to improve lending decisions.}, }