"The aim of this paper is to understand the mechanism underlying access to credit. Gine focuses on two important … aspects of rural credit markets in Thailand. First, moneylenders and other informal lenders coexist with formal lending … presumably face sizable transaction costs obtaining external credit. The author develops and estimates a model based on limited …

measured by, for instance, private domestic credit and liquid liabilities (for example, Levine, Loayza, and Beck 2000). On the … other hand, the banking and currency crisis literature finds that monetary aggregates, such as domestic credit, are among …