The allocative efficiency of the formal versus the informal financial sector

An important reason for the disappointing effects of the financial reform programmes, as part of the structural adjustment programmes in sub-Saharan Africa, stems from the strong focus of the adjustment programmes on the formal banking sector. A financial reform programme which does not explicitly employ the knowledge of the informal financial sector may lead to a sub-optimal allocation of resources and hence may not improve the quality of investments.

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Year of publication:	1996
Authors:	Lensink, Robert
Published in:	Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 3.1996, 3, p. 163-165
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009213368