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Informal Credit Markets and Economic Development in Taiwan

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Type: Conference Paper
Author: Tang, Shui-Yan
Conference: Workshop on the Workshop
Location: Workshop in Political Theory and Policy Analysis, Indiana University, Bloomington, IN
Conf. Date: June, 1994
Date: 1994
URI: http://hdl.handle.net/10535/5014
Sector: Social Organization
Region: East Asia
Subject(s): informal economy
Abstract: "Taiwan is a case which shows how informal credit markets help to compensate for the limitations of the formal financial system, especially in satisfying the needs of medium and small enterprises. Government regulations and policies affect the way participants in informal credit markets solve selection, enforcement, and incentive problems. Recent changes demonstrate the continued resilience and relevance of informal credit markets during a process of financial liberalization."

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