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Informal financial sector

A Portrait of Informal Sector Credit and Interest Rates in Malawi: Interpolated Monthly Time Series

Harold Ngalawa
Although informal finance forms a large part of their financial sector, nearly all low income countries exclude informal transactions in official monetary data. Usually, informal finance data are nonexistent and occasionally, they are available only from surveys that often occur at irregular...
Jul 2014
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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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