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formal financial sector

Interaction of Formal and Informal Financial Markets in Quasi-Emerging Market Economies

Harold P.E. Ngalawa and Nicola Viegi
The primary objective of this paper is to investigate the interaction of formal and informal financial markets and their impact on economic activity in quasi-emerging market economies. Using a four-sector dynamic stochastic general equilibrium model with asymmetric information in the formal...
Jan 2013
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