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Socio-Economic Development Through the Informal Credit Market

Published online by Cambridge University Press:  28 November 2008

Bala Shanmugam
Bala Shanmugam
Affiliation:
University of New South Wales
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Extract

While a number of in-depth studies have been carried out on the role of the formal financial market (Gurley and Shaw, 1955; Patrick, 1966; Porter, 1966; Goldsmith, 1969; McKinnon, 1973; Shaw, 1973, to mention a few), the informal or unorganized financial sector has largely been neglected. While discussions about the operations of the informal market were popular about 20 years ago (Geertz, 1962; Ardener, 1964; Anderson, 1966; Kurtz, 1973) they have gradually been relegated to the side-lines and this is despite the fact that the said market is neverthel ess of significant size and importance (as will be illustrated elsewhere in the paper).

Type
Articles
Information
Modern Asian Studies , Volume 25 , Issue 2 , May 1991 , pp. 209 - 225
Copyright
Copyright © Cambridge University Press 1991

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