Informal financial institutions in bazaar
The traditional approach to financial development, the financial repression approach (McKinnon, 1973 and Shaw, 1973), can be characterised by its concentration on the formal sector and relative neglect of the informal sector. This tendency stems from the fact that the proponents of financial repres...
Shranjeno v:
| izdano v: | URI:https://journals.openedition.org/cemoti, |
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| Glavni avtor: | |
| Format: | Article ou chapitre numérique |
| Jezik: | Anglais |
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Cahiers d’études sur la Méditerranée orientale et le monde turco-iranien
2004
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| Online dostop: | Accès Université d'Orléans et IFPM Accès Université d'Orléans et IFPM |
| Izvleček: | The traditional approach to financial development, the financial repression approach (McKinnon, 1973 and Shaw, 1973), can be characterised by its concentration on the formal sector and relative neglect of the informal sector. This tendency stems from the fact that the proponents of financial repression approach do not view informal credit markets as an alternative source of financing in developing countries. They further hold the view that informal credit markets in developing countries grow... |
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