Article ID Journal Published Year Pages File Type
5054854 Economic Modelling 2013 11 Pages PDF
Abstract
► The paper investigates the interaction of formal and informal financial markets. ► A DSGE model with asymmetric information in the formal market is used for analysis. ► We find that interest rates in the two markets do not necessarily change together. ► We also find that loans in the two markets are complementary in the aggregate.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Interaction of formal and informal financial markets in quasi-emerging market economies
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