Monetary Policy and Informal FinanceEconomic and Political Weekly
This article utilises state-level data for 1961-2012 to examine the interlinkage between informal finance and monetary policy. The analysis suggests that in response to a monetary contraction, borrowing from moneylenders declines, whereas that from landlords and relatives increases. In addition, the evidence also supports a hierarchy among the preferred financing choices. A key takeaway is that monetary policy needs to take on board its impact on the hitherto neglected informal sector.
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. Monetary Policy and Informal FinanceEconomic and Political Weekly. , , . , 2015. . (2015). Monetary Policy and Informal FinanceEconomic and Political Weekly. , , . . "Monetary Policy and Informal FinanceEconomic and Political Weekly." 2015, .. "Monetary Policy and Informal FinanceEconomic and Political Weekly." (2015). 2015, 'Monetary Policy and Informal FinanceEconomic and Political Weekly', , , . , 'Monetary Policy and Informal FinanceEconomic and Political Weekly' (2015). . Monetary Policy and Informal FinanceEconomic and Political Weekly. . 2015. . Monetary Policy and Informal FinanceEconomic and Political Weekly. . 2015. , .
