English, Article, Journal or magazine article edition: Financial intermediation and employment Manoj Pant; Prabal Roy Chowdhury; Gurbachan Singh

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Bookmark: http://trove.nla.gov.au/version/4974
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Financial intermediation and employment
Author
  • Manoj Pant
  • Prabal Roy Chowdhury
  • Gurbachan Singh
Physical Description
  • preprint
Notes
  • This paper explores the relationship between financial intermediation and employment. We explain why some economies have low financial intermediation even when financial intermediation is safe. Moreover, we seek to explain why these economies tend to be poor and vulnerable, and also have large self-employment even when the latter has low productivity. We model safe but unsound banks and show that the effects of bad banking can be overcome only partially by corrective taxes. The model is extended to incorporate the illegal sector of the economy as well as the labor laws.
  • RePEc:ind:isipdp:04-22
Language
  • English
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