Income inequality and credit markets
Includes bibliography
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| Lenguaje: | English |
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2014
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| Acceso en línea: | http://hdl.handle.net/11362/11536 |
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oai-11362-115362020-03-06T16:50:27Z Income inequality and credit markets Figueroa, Aldo INGRESOS DISTRIBUCION DEL INGRESO CREDITOS COMERCIALES BANCARIOS DEPOSITOS BANCARIOS MERCADOS SERVICIOS FINANCIEROS BANCOS INSTITUCIONES FINANCIERAS SECTOR INFORMAL INCOME INCOME DISTRIBUTION BANKERS' COMMERCIAL CREDITS BANK DEPOSITS MARKETS FINANCIAL SERVICES BANKS FINANCIAL INSTITUTIONS INFORMAL SECTOR Includes bibliography Three empirical regularities have been identified in the financialliterature: bank credit markets operate with collateral, they operate withexcess demand and they coexist with other forms of credit provision. Inthe particular case of less developed countries, the financial structurecomprises the banking industry, the formal non-banking industry andthe informal sector. This paper presents a theoretical model that explainsall three regularities together. According to the model, wealth inequalityin society is the essential factor that explains this dual-dual financialstructure. The model predicts market segmentation: the wealthy and thebanks constitute one market, the less wealthy and formal non-bankingorganizations constitute another and the poorest groups and small lendersconstitute the informal sector; moreover, credit is more expensive inthe latter sectors. As long as wealth inequality remains unchanged, thisfinancial structure will prevail. The public policy implications of the modelare also presented. 2014-01-02T18:45:49Z 2014-01-02T18:45:49Z 2011-12 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/11536 LC/G.2508-P en CEPAL Review CEPAL Review 105 application/pdf |
| institution |
Cepal |
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Cepal |
| language |
English |
| topic |
INGRESOS DISTRIBUCION DEL INGRESO CREDITOS COMERCIALES BANCARIOS DEPOSITOS BANCARIOS MERCADOS SERVICIOS FINANCIEROS BANCOS INSTITUCIONES FINANCIERAS SECTOR INFORMAL INCOME INCOME DISTRIBUTION BANKERS' COMMERCIAL CREDITS BANK DEPOSITS MARKETS FINANCIAL SERVICES BANKS FINANCIAL INSTITUTIONS INFORMAL SECTOR |
| spellingShingle |
INGRESOS DISTRIBUCION DEL INGRESO CREDITOS COMERCIALES BANCARIOS DEPOSITOS BANCARIOS MERCADOS SERVICIOS FINANCIEROS BANCOS INSTITUCIONES FINANCIERAS SECTOR INFORMAL INCOME INCOME DISTRIBUTION BANKERS' COMMERCIAL CREDITS BANK DEPOSITS MARKETS FINANCIAL SERVICES BANKS FINANCIAL INSTITUTIONS INFORMAL SECTOR Figueroa, Aldo Income inequality and credit markets |
| description |
Includes bibliography |
| format |
Texto |
| author |
Figueroa, Aldo |
| author_facet |
Figueroa, Aldo |
| author_sort |
Figueroa, Aldo |
| title |
Income inequality and credit markets |
| title_short |
Income inequality and credit markets |
| title_full |
Income inequality and credit markets |
| title_fullStr |
Income inequality and credit markets |
| title_full_unstemmed |
Income inequality and credit markets |
| title_sort |
income inequality and credit markets |
| publishDate |
2014 |
| url |
http://hdl.handle.net/11362/11536 |
| work_keys_str_mv |
AT figueroaaldo incomeinequalityandcreditmarkets |
| _version_ |
1718437450305503232 |