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Formal and informal financing in a Chicago neighborhood

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  • Philip Bond
  • Robert M. Townsend

Abstract

This article documents not only the actual use of banks, but also the widespread use of alternative financing mechanisms, using data from a survey of households and businesses in a Hispanic neighborhood of Chicago.

Suggested Citation

  • Philip Bond & Robert M. Townsend, 1996. "Formal and informal financing in a Chicago neighborhood," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 20(Jul), pages 3-27.
    • Handle: RePEc:fip:fedhep:y:1996:i:jul:p:3-27:n:v.20no.4
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    File URL: http://www.chicagofed.org/digital_assets/publications/economic_perspectives/1996/epjul96.pdf
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Maude Toussaint-Comeau, 2017. "Competitiveness of Ethnic Minority Neighborhoods in Metropolitan Areas in the Seventh District," Profitwise, Federal Reserve Bank of Chicago, issue 4, pages 4-25.
    2. Brian Mantel, 2000. "Why do consumers pay bills electronically? an empirical analysis," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 25(Q IV), pages 32-48.
    3. Edward Simpson Prescott, 1997. "Group lending and financial intermediation: an example," Economic Quarterly, Federal Reserve Bank of Richmond, issue Fall, pages 23-48.
    4. Mark Schreiner, 2001. "Microenterprise in the First and Third Worlds," Development and Comp Systems 0108001, University Library of Munich, Germany, revised 27 Dec 2001.
    5. Sherrie L. W. Rhine & Maude Toussaint-Comeau, 2000. "Increasing participation in mainstream financial markets by black households," Consumer and Community Affairs Policy Studies 2000-4, Federal Reserve Bank of Chicago.
    6. Maude Toussaint-Comeau, 2005. "Do enclaves matter in immigrants’ self-employment decision?," Working Paper Series WP-05-23, Federal Reserve Bank of Chicago.
    7. Arash Kordestani & Setayesh Sattari & Kaveh Peighambari & Pejvak Oghazi, 2017. "Exclude Me Not: The Untold Story of Immigrant Entrepreneurs in Sweden," Sustainability, MDPI, vol. 9(9), pages 1-22, September.
    8. Sherrie L. W. Rhine & Maude Toussaint-Comeau, 2000. "Access to credit and financial services among black households," Consumer and Community Affairs Policy Studies 2000-1, Federal Reserve Bank of Chicago.
    9. Wenli Li, 1998. "Government loan, guarantee, and grant programs: an evaluation," Economic Quarterly, Federal Reserve Bank of Richmond, issue Fall, pages 25-52.
    10. Brian Mantel, 2000. "Why don't consumers use electronic banking products? towards a theory of obstacles, incentives, and opportunities," Occasional Paper; Emerging Payments EPS-2000-1, Federal Reserve Bank of Chicago.
    11. Thakor, Anjan V., 2021. "Politics, credit allocation and bank capital requirements," Journal of Financial Intermediation, Elsevier, vol. 45(C).
    12. Aaronson, Daniel & Bostic, Raphael W. & Huck, Paul & Townsend, Robert, 2004. "Supplier relationships and small business use of trade credit," Journal of Urban Economics, Elsevier, vol. 55(1), pages 46-67, January.
    13. Philip Bond & Paul Huck & Sherrie L. W. Rhine & Robert M. Townsend, 1999. "Small business finance in two Chicago minority neighborhoods," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 23(Q II), pages 46-62.
    14. Daniel Aaronson & Paul Huck & Robert M. Townsend, 2000. "Small business access to trade credit: some evidence of ethnic differences," Proceedings 672, Federal Reserve Bank of Chicago.
    15. Sondra Beverly & Amanda Moore & Mark Schreiner, 2001. "A Framework of Asset-Accumulation Stages and Strategies," Development and Comp Systems 0109004, University Library of Munich, Germany.

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