Bookcover of Formal and Informal Credit Markets Linkage
Booktitle:

Formal and Informal Credit Markets Linkage

Implications to Financial Inclusion and Monetary Policy in India

LAP LAMBERT Academic Publishing (2013-08-08 )

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ISBN-13:

978-3-659-43030-5

ISBN-10:
3659430307
EAN:
9783659430305
Book language:
English
Blurb/Shorttext:
In a multi-agency delivery mechanism of provision of credit, institutional credit is characterized by persistent excess demand as credits from these institutions are subsidized. In this situation, horizontal interlinkage resulted in spilling over of the excess demand for credit from the formal to the informal credit sources. Again another form of interaction is known as vertical interlinkage where informal lenders are viewed as having access to formal sources of lending, and the funds thus borrowed are then re-lent. An attempt has been made in the study to examine the implications of such linkages on achieving financial inclusion in the context of Indian economy. The interlinkage between formal and informal credit markets has also important implications to monetary policy as it is observed that the absence of any interlinkage implies weakening of the monetary policy as an effective tool. This book is expected to satisfy the needs of the students and scholars of Economics, Commerce and Finance. Moreover, the findings of the study are expected to be useful to the academicians of social sciences, planners and policy makers.
Publishing house:
LAP LAMBERT Academic Publishing
Website:
https://www.lap-publishing.com/
By (author) :
Arindam Laha
Number of pages:
104
Published on:
2013-08-08
Stock:
Available
Category:
Economics
Price:
54.90 €
Keywords:
India, financial inclusion, Formal credit, Informal credit, Horizontal Interlinkage, Vertical interlinkage, Monetary Policy

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