Chaudhuri, Sarbajit; Ghosh Dastidar, Krishnendu - Volkswirtschaftliche Fakultät, … - 2011
We develop a model of vertical linkage between the formal and informal credit markets which highlights the presence of … corruption in the distribution of formal credit. The existing moneylender, the bank official and the new moneylenders move … analysis distinguishes between two different ways of designing a credit subsidy policy. If a credit subsidy policy is …