Socio-Economic Development Through the Informal Credit Market
- 1 May 1991
- journal article
- research article
- Published by Cambridge University Press (CUP) in Modern Asian Studies
- Vol. 25 (2) , 209-225
- https://doi.org/10.1017/s0026749x00010659
Abstract
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).Keywords
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