Financial Innovation Impact
Robert Townsend discusses the impact of financial innovation, specifically microcredit and the establishment of financial institutions, on investment and consumption in Thailand. He highlights the increase in investment and consumption due to reliable borrowing sources, while also considering alternative methods of distributing funds. The conversation explores the potential for a better financial system to significantly improve well-being, but also acknowledges the challenges and unexploited gains from trade in credit-constrained households.In this clip
From this podcast
EconTalk
Robert Townsend on Development, Poverty, and Financial Institutions
Related Questions
What is the impact of finance on the economy as discussed in the episode Robert Townsend on Development, Poverty, and Financial Institutions and the clip Microfinance Impact?
Is the financial system flawed according to Robert Townsend in the episodes Robert Townsend on Development, Poverty, and Financial Institutions and Financial System Innovation?
Is the financial system flawed according to Robert Townsend in the episode Robert Townsend on Development, Poverty, and Financial Institutions and the clip Informal Finance Insights?