Informal Finance

Anand Chandavarkar

Chapter 7 in Central Banking in Developing Countries, 1996, pp 128-139 from Palgrave Macmillan

Abstract: Abstract Although the developmental and promotional role of central banks in relation to the formal financial sector is well recognized and established, the attitudes of central banks to the substantial sector of informal and semi-informal finance in developing countries present a curious amalgam of ignorance, prejudice, and even hostility or at best a grudging benign neglect, which stem from a mistaken association of informal finance with the illegal or underground economy of evasion of controls and taxes. Even legal

Keywords: Interest Rate; Monetary Policy; Central Bank; Foreign Exchange; Informal Sector (search for similar items in EconPapers)
Date: 1996
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DOI: 10.1057/9780230371507_7

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