Reposted by Christoph Walsh
🆕 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: ow.ly/qcqm50Z9hry
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The long shadow of the 1997 financial crisis in Thailand
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.