This paper provides a brief review of both the relevant theoretical and empirical literature; an account of the usefulness of the theoretical literature for interpreting the empirical research on informal finance in Africa; brief notes on some of the implications of the economics of incomplete information and imperfect contract enforcement for financial policy in Africa; and suggestions for a research programme that integrates detailed empirical observation with relevant theory. Comments on the paper follow on pp 204-211.
|Original language||English (US)|
|Number of pages||43|
|Journal||Journal of African Economies|
|Issue number||1 Suppl.2|
|State||Published - Jan 1 1997|
ASJC Scopus subject areas
- Economics and Econometrics