Год выпуска: 2013 Автор: Arindam Laha Издательство: LAP Lambert Academic Publishing Страниц: 104 ISBN: 9783659430305
Описание
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...
