IDEAS home Printed from https://ideas.repec.org/a/vls/rojfme/v4y2017i1p65-74.html
   My bibliography  Save this article

On Informal Underground Finance

Author

Listed:
  • DUTCAS, Monica Florica

    (“Victor Slăvescu” Centre for Financial and Monetary Research, Romanian Academy)

Abstract

The paper starts from the observation that the financial sector has an informal, unofficial and unregulated segment, less visible, but which still has its importance.The specialized literature refers to what we call the informal financial sector using a multitude of terms: Informal Credit Market, Informal Financial Sector, Unorganized Money, Non-Institutional Credit, Black Money, Indigenous Banking Sector, Parallel Money, Underground Money Markets, etc.A score of issues and considerations will be presented in the category of "underground" informal finance and its implications in economic practice.At the end of the paper, some identified features (whether they are illegal or/and not allowed socially, clients are speculative, a violent attitude in the event of incapacity to pay of client default, predatory fees, etc.) will be subject the debate to clarify the difficulty of evaluation and analysis in relation to the importance for the informal sector.

Suggested Citation

  • DUTCAS, Monica Florica, 2017. "On Informal Underground Finance," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 4(1), pages 65-74.
    • Handle: RePEc:vls:rojfme:v:4:y:2017:i:1:p:65-74
    as

    Download full text from publisher

    File URL: http://www.icfm.ro/RePEc/vls/vls_pdf_jfme/vol4i1p65-74.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    financial market; financial policies; informal financial sector; lending market; monetary system banking system;
    All these keywords.

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G41 - Financial Economics - - Behavioral Finance - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets
    • H26 - Public Economics - - Taxation, Subsidies, and Revenue - - - Tax Evasion and Avoidance

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vls:rojfme:v:4:y:2017:i:1:p:65-74. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Daniel Mateescu (email available below). General contact details of provider: https://edirc.repec.org/data/cfiarro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.