Dual Financial Systems and Inequalities in Economic Development
Dual Financial Systems and Inequalities in Economic Development
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Publisher
Boston: Kluwer Academic Publishers
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Language
English
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Publisher
Boston: Kluwer Academic Publishers
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Contents
This paper analyzes the emergence and the evolution of a modem banking system, in a developing economy where banks coexist with informal credit institutions. Banks have a superior ability in mobilizing savings while informal lenders enjoy a superior information on borrowers. More specifically, banks cannot observe perfectly the behavior of borrower...
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Full title
Dual Financial Systems and Inequalities in Economic Development
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TN_cdi_proquest_miscellaneous_38522683
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_miscellaneous_38522683
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ISSN
1381-4338
E-ISSN
1573-7020
DOI
10.1023/A:1024464506029