Social Trust Rupture and Informal Financial Crisis in City D

Liu Weiping ()
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Liu Weiping: China Development Bank

Chapter Chapter 4 in Social Trust, 2023, pp 103-132 from Springer

Abstract: Abstract By introducing the “abnormal death” of a private entrepreneur which ignited the informal financial crisis in City D, this chapter analyzes the causes of Social Trust Rupture in city D and stressed that the informal capital market, which is gradually formed and developed on the basis of trust of individuals in acquaintance society and informal lending behavior, is a necessary supplement to formal finance.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-99-2931-3_4

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DOI: 10.1007/978-981-99-2931-3_4

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