While we often associate informal fi nancial arrangements with poorer countries where fi nancial systems are less

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While we often associate informal fi nancial arrangements with poorer countries where fi nancial systems are less developed, informal arrangements often coexist with even the most developed fi nancial systems. What advantages might there be to engaging in informal arrangements rather than utilizing the formal fi nancial sector?

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Money Banking And Financial Markets

ISBN: 9780073375908

3rd Edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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