Browsing Business and Economics by Author "Zhao, Jianmei"
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Justification of the Coexistence of Formal and Informal Reciprocal Loans in Developing Countries
Zhao, Jianmei; Liu, Ruihan (Scientific Research, 2017-10)This paper provides a new justification for the coexistence of formal and informal reciprocal loans in developing countries. We develop an investment model capable of comparing the financing costs of different financing ...