Delayed formal credit, bribing and the informal credit market in agriculture: A theoretical analysis

1996 ◽  
Vol 51 (2) ◽  
pp. 433-449 ◽  
Author(s):  
Sarbajit Chaudhuri ◽  
Manash Ranjan Gupta
Keyword(s):  
Theoretical Analysis ◽  
Credit Market ◽  
Informal Credit

Formal Credit, Corruption and the Informal Credit Market in Agriculture: a Theoretical Analysis

Economica ◽  
1997 ◽  
Vol 64 (254) ◽  
pp. 331-343 ◽  
Author(s):  
Manash Ranjan Gupta ◽  
Sarbajit Chaudhuri
Keyword(s):  
Theoretical Analysis ◽  
Credit Market ◽  
Informal Credit

Informal Loans in Russia: Why Not to Borrow from a Bank?

2016 ◽  
Vol 19 (03) ◽  
pp. 1650016
Author(s):  
Maria Semenova ◽  
Victoria Kulikova
Keyword(s):  
Great Proportion ◽  
National Survey ◽  
Growth Rates ◽  
Financial Literacy ◽  
Banking Sector ◽  
High Growth ◽  
Credit Market ◽  
Credit Rationing ◽  
Informal Credit ◽  
Loan Market

After the 2008 crisis, the Russian consumer loan market shows high growth rates, accompanied by the quality deteriorating even faster. At the same time, a great proportion of households are not attracted by the banks and borrow informally. In this paper, we aim to learn why households refuse to become bank clients, using the data from a 2009–2010 national survey of Russian households. Our results suggest that household's choice of the informal credit market is based not only on credit rationing, but also on a lack of financial literacy, credit discipline and trust in the banking sector as a whole.

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