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  • INFORMAL CREDIT MARKETS AND THE NEW INSTITUTIONAL ECONOMICS
    SAGRARIO L FLORO
    The conventional wisdomaboutcreditmarketshas been radically alteredin recent years through the introduction of elements of moral hazard,adverseselectionofrisk,and quality-price relationships. Important empiricalstudies have been published which are leading to vastly different policyimplications. This analysis has not been explicitly extended to informalcredit markets so far, al...

    $1,200.00