Formal and Informal Credit Markets in Egypt
AbstractThis paper examines empirically the markets for formal and informal credit in Egypt. Using a dataset specifically collected for the purpose, it examines what factors determine whether or not a person borrows from the informal sector using a probit analysis. The paper then conducts a similar exercise for the informal financial sector and seeks to examine whether any link between borrowing in the formal and the informal financial sectors exists. Conclusions are then drawn as to the role of informal financial markets in the development process.
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Bibliographic InfoPaper provided by Economic Research Forum in its series Working Papers with number 9415.
Date of creation: Oct 1994
Date of revision: Oct 1994
Publication status: Published by The Economic Research Forum (ERF)
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