Author: Sakchai Kirinpanu
AIT Library Call Number: AIT Diss no. HS-99-02
Year: 1999
Academic Program: Human Settlement (HS)
Type: Thesis (Ph.D.) – Asian Institute of Technology, 1999
Examination Committee: Yap Kioe Sheng (Chairperson); A.T.M. Nurul Amin, F.W. Swierczek, David E. Dowall, (Examination Committee Members)
Abstract: his study on the structure, conduct and performance of the housing finance sector in Thailand during 1987-1996 had four objectives: (1) to analyze the existing housing finance sector focusing on its structure, conduct, and performance, (2) to analyze the relationship between the development of the housing finance sector and the development of housing sector, (3) to identify the factors which had a positive or negative impact on the development of the housing finance sector, and ( 4) to formulate recommendations to improve the efficiency of housing finance sector. The main research instruments were an analysis of secondary data, non-directive interviews with senior officers and executives of financial institutions, housing finance expe11s and academicians and focused interviews with questionnaires for junior officers of financial institutions, housing project developers and residents. Financial institutions that contributed to housing finance consisted of commercial banks, finance companies, credit foncier companies, life insurance companies, the Government Savings Bank and the Government Housing Bank. The housing finance sector was dominated by commercial banks, in particular the five largest domestic commercial banks. Their influence on the sector and their links with the government, the Bank of Thailand and with other powerful groups in society and the high barriers to entry (until 1990) resulted in less than perfect competition in the financial sector. During the period under study, the structure of fund mobilization changed in four ways: (1) commercial banks lost market share on public fund mobilization to finance companies which were prepared to pay higher interest rates for promissory notes than banks were prepared to pay for deposits (2) commercial banks also lost market share on credit extension to finance companies which would finance higher risk investments than commercial banks were prepared to do (3) there was a decrease in fund mobilization through deposits and an increase in
Scholarship Donor(s): The Royal Thai Government
Note: A dissertation submitted in partial fulfillment of the requirements for the degree of Doctor of Philosophy, School of Environment, Resources and Development
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