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Endogenous Growth in the Presence of Informal Credit Markets in India: A Comparative Analysis Between Credit Rationing and Self-Revelation Regimes.
In a dynamic general equilibrium framework with heterogeneous firms, this study analyzes the importance of informal credit markets in financial development and growth. By drawing instances from informal market we show that informal loans reduce the cost of credit constraints under regulated regime f...
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| Médium: | Journal Article |
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Indian Economic Review
2009
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