Informal financial markets in developing countries: a macroeconomic analysis
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Oxford u.a.
Blackwell
1993
|
| Ausgabe: | 1. publ. |
| Schriftenreihe: | Advances in theoretical and applied economics
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XI, 212 S. |
| ISBN: | 1557863571 |
Internformat
MARC
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| 245 | 1 | 0 | |a Informal financial markets in developing countries |b a macroeconomic analysis |c Peter J. Montiel, Pierre-Richard Agénor and Nadeem Ul Haque |
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| 650 | 4 | |a Ökonometrisches Modell | |
| 650 | 4 | |a Finance -- Developing countries -- Econometric models | |
| 650 | 4 | |a Informal sector (Economics) -- Developing countries -- Econometric models | |
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Datensatz im Suchindex
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|---|---|
| adam_text | Informal Financial Markets
in Developing Countries
A Macroeconomic Analysis
Peter J Montiel, Pierre-Richard
Agenor and Nadeem Ul Haque
BLACKWELL
Ojfrnf UK *CaWr USA
Contents
Figures viii
Tables ix
Series Editor s Preface x
Introduction 1
1 Nature and Scope of Informal Financial Markets 7
1 The Informal Economy - A Definition and its
Significance 7
2 Informal Loan Markets 10
2 1 Sources and Uses of Informal Credit 10
2 2 Size of Informal Credit Markets 16
2 3 Interest Rates in Informal Markets 20
2 4 Implications of Informal Loan Markets 25
3 Parallel Markets for Foreign Exchange 26
3 1 Emergence of Parallel Currency Markets 27
3 2 Supply and Demand for Foreign Exchange 33
3 3 Implications of Parallel Currency Markets 36
2 Models of Informal Financial Markets 45
1 Models of Informal Credit Markets 45
1 1 McKinnon-Shaw Models of Financial Repression 45
111 An Overview of McKinnon-Shaw Models 45
112 The Link Between Interest Rates and
Investment 48
vi Contents
113 Short-run Stabilization Under Financial
Repression 51
1 2 Neo-Structuralist Models 55
121 An Overview 55
122 Critical Assumptions in the Financial Sector 59
2 Models of Parallel Currency Markets 62
2 1 Smuggling and Real Trade Models 63
2 2 The Monetary Approach 71
2 3 Portfolio and Currency Substitution Models 73
2 4 Models of Dual Exchange Markets with
Leakages 78
3 An Assessment 80
3 Macroeconomic Policy with Informal Financial
Markets: An Integrated Framework 84
1 Introduction 84
2 A General Model of Developing-Country Financial
Markets 86
2 1 Structure of the Model 87
211 Households 87
212 The Banking System and the Central Bank 89
213 The Government 90
214 Commodity-market Equilibrium 91
2 2 The Model in Compact Form 91
3 Partial Equilibrium Analysis 93
4 General Equilibrium Implications 102
4 1 Central Bank Credit to the Banking System 104
4 2 Changes in Controlled Interest Rates 105
4 3 Changes in Reserve Requirements 106
4 4 Intervention in the Free Exchange Market 107
5 Unification of Financial Markets 108
5 1 Interest Rate Liberalization 108
5 2 Unification of Foreign Exchange Markets 110
6 Summary 112
4 A General Equilibrium Model with Informal Financial
Markets 118
1 Aggregate Supply 120
Contents vii
2 Aggregate Demand, Income and Wealth 122
3 The Current Account and the Balance of Payments 126
4 Banks, Budget Deficits and the Money Supply 128
5 The Complete Framework 130
6 Calibration of the Model 132
Appendix: Summary Equations of the Model 134
Policy Issues and Model Simulations 140
1 Effects of Government Spending on Home Goods 141
2 Effects of Central Bank Credit to Commercial Banks 145
3 Interest Rate Liberalization 149
4 The Contractionary Devaluation Controversy 153
5 Summary and Conclusions 157
Epilogue 161
1 The Analytical Model 161
2 The Simulation Approach 163
3 Reform 165
Appendix A Efficiency of Parallel Currency Markets
in Developing Countries 167
1 Causality Tests 167
2 Co-integration Tests 171
Appendix B Informal Credit Markets and Capital
Mobility In Developing Countries 179
1 Macroeconomic Models and Capital Mobility 180
2 Empirical Evidence on Capital Mobility 181
3 Estimation of the Degree of Capital Mobility 182
4 Some Evidence from Developing Countries 187
5 Implications for Modeling of the Informal Sector 191
References 194
Index of Names 206
Index of Subjects 208
|
| any_adam_object | 1 |
| author | Montiel, Peter 1951- Agénor, Pierre-Richard 1957- Ul Haque, Nadeem |
| author_GND | (DE-588)122247183 (DE-588)12408009X (DE-588)124080170 |
| author_facet | Montiel, Peter 1951- Agénor, Pierre-Richard 1957- Ul Haque, Nadeem |
| author_role | aut aut aut |
| author_sort | Montiel, Peter 1951- |
| author_variant | p m pm p r a pra h n u hn hnu |
| building | Verbundindex |
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| callnumber-first | H - Social Science |
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| callnumber-raw | HG195.M66 1993 |
| callnumber-search | HG195.M66 1993 |
| callnumber-sort | HG 3195 M66 41993 |
| callnumber-subject | HG - Finance |
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| ctrlnum | (OCoLC)26305134 (DE-599)BVBBV008187832 |
| dewey-full | 332/.09172/420 332/.09172/4 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
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| dewey-search | 332/.09172/4 20 332/.09172/4 |
| dewey-sort | 3332 49172 14 220 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| edition | 1. publ. |
| format | Book |
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| indexdate | 2024-07-09T17:16:02Z |
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| language | English |
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| series2 | Advances in theoretical and applied economics |
| spelling | Montiel, Peter 1951- Verfasser (DE-588)122247183 aut Informal financial markets in developing countries a macroeconomic analysis Peter J. Montiel, Pierre-Richard Agénor and Nadeem Ul Haque 1. publ. Oxford u.a. Blackwell 1993 XI, 212 S. txt rdacontent n rdamedia nc rdacarrier Advances in theoretical and applied economics Change - Pays en voie de développement - Modèles économétriques Econometrische modellen gtt Finances - Pays en voie de développement - Modèles économétriques Financiën gtt Informele economie gtt Secteur informel (Économie politique) - Pays en voie de développement - Modèles économétriques Entwicklungsländer Ökonometrisches Modell Finance -- Developing countries -- Econometric models Informal sector (Economics) -- Developing countries -- Econometric models Foreign exchange -- Developing countries -- Econometric models Ökonometrisches Modell (DE-588)4043212-9 gnd rswk-swf Kreditmarkt (DE-588)4073788-3 gnd rswk-swf Entwicklungsländer (DE-588)4014954-7 gnd rswk-swf Entwicklungsländer (DE-588)4014954-7 g Kreditmarkt (DE-588)4073788-3 s DE-604 Ökonometrisches Modell (DE-588)4043212-9 s Agénor, Pierre-Richard 1957- Verfasser (DE-588)12408009X aut Ul Haque, Nadeem Verfasser (DE-588)124080170 aut HEBIS Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=005404296&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Montiel, Peter 1951- Agénor, Pierre-Richard 1957- Ul Haque, Nadeem Informal financial markets in developing countries a macroeconomic analysis Change - Pays en voie de développement - Modèles économétriques Econometrische modellen gtt Finances - Pays en voie de développement - Modèles économétriques Financiën gtt Informele economie gtt Secteur informel (Économie politique) - Pays en voie de développement - Modèles économétriques Entwicklungsländer Ökonometrisches Modell Finance -- Developing countries -- Econometric models Informal sector (Economics) -- Developing countries -- Econometric models Foreign exchange -- Developing countries -- Econometric models Ökonometrisches Modell (DE-588)4043212-9 gnd Kreditmarkt (DE-588)4073788-3 gnd |
| subject_GND | (DE-588)4043212-9 (DE-588)4073788-3 (DE-588)4014954-7 |
| title | Informal financial markets in developing countries a macroeconomic analysis |
| title_auth | Informal financial markets in developing countries a macroeconomic analysis |
| title_exact_search | Informal financial markets in developing countries a macroeconomic analysis |
| title_full | Informal financial markets in developing countries a macroeconomic analysis Peter J. Montiel, Pierre-Richard Agénor and Nadeem Ul Haque |
| title_fullStr | Informal financial markets in developing countries a macroeconomic analysis Peter J. Montiel, Pierre-Richard Agénor and Nadeem Ul Haque |
| title_full_unstemmed | Informal financial markets in developing countries a macroeconomic analysis Peter J. Montiel, Pierre-Richard Agénor and Nadeem Ul Haque |
| title_short | Informal financial markets in developing countries |
| title_sort | informal financial markets in developing countries a macroeconomic analysis |
| title_sub | a macroeconomic analysis |
| topic | Change - Pays en voie de développement - Modèles économétriques Econometrische modellen gtt Finances - Pays en voie de développement - Modèles économétriques Financiën gtt Informele economie gtt Secteur informel (Économie politique) - Pays en voie de développement - Modèles économétriques Entwicklungsländer Ökonometrisches Modell Finance -- Developing countries -- Econometric models Informal sector (Economics) -- Developing countries -- Econometric models Foreign exchange -- Developing countries -- Econometric models Ökonometrisches Modell (DE-588)4043212-9 gnd Kreditmarkt (DE-588)4073788-3 gnd |
| topic_facet | Change - Pays en voie de développement - Modèles économétriques Econometrische modellen Finances - Pays en voie de développement - Modèles économétriques Financiën Informele economie Secteur informel (Économie politique) - Pays en voie de développement - Modèles économétriques Entwicklungsländer Ökonometrisches Modell Finance -- Developing countries -- Econometric models Informal sector (Economics) -- Developing countries -- Econometric models Foreign exchange -- Developing countries -- Econometric models Kreditmarkt |
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