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Thailand’s Household Debt through the Lens of Credit Bureau Data: Debt and Delinquency

Sommarat Chantarat (), Atchana Lamsam, Krislert Samphantharak and Bhumjai Tangsawasdirat

No 61, PIER Discussion Papers from Puey Ungphakorn Institute for Economic Research

Abstract: This paper uses loan-level data from the National Credit Bureau to study household debt in Thailand. The wide coverage and the granularity of the data allow us to analyze prevalence, intensity, and distribution of debt and delinquency by loan product, lender, and borrower. We show that there are tremendous heterogeneities in debt and delinquency across these attributes. Overall, credit access in Thailand appears moderate and limited for housing loans. Thais begin to have debt earlier in their lives and hold debt until very old. Household debt is largely concentrated and plagued with high debt intensity and delinquency prevalence, especially among the young working age population, implying a potential increase in the vulnerability of the financial system and prolonged sluggish domestic spending. Our findings have important implications for policy design and targeting.

Keywords: Household Debt; Financial Access; Financial Stability; Credit Bureau Data (search for similar items in EconPapers)
JEL-codes: D14 D30 G20 H31 J26 O16 (search for similar items in EconPapers)
Pages: 80 pages
Date: 2017-07
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