Konferenzbeitrag

Financial Fragmentation despite Arbitrage

If there were no impediments to the flow of capital across space, then interest rates would equalized. We provide evidence to the contrary. We find significant differences in interest rates across the South Indian state of Tamil Nadu, i.e. evidence that financial markets are fragmented. We also find evidence of limited arbitrage across financial markets.

Language
Englisch

Bibliographic citation
Series: Proceedings of the German Development Economics Conference, Frankfurt a.M. 2009 ; No. 19

Classification
Wirtschaft
Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Subject
credit constraints
informal finance

Event
Geistige Schöpfung
(who)
Klonner, Stefan
Rai, Ashok S.
Event
Veröffentlichung
(who)
Verein für Socialpolitik, Ausschuss für Entwicklungsländer
(where)
Göttingen
(when)
2009

Handle
Last update
20.09.2024, 8:24 AM CEST

Data provider

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Object type

  • Konferenzbeitrag

Associated

  • Klonner, Stefan
  • Rai, Ashok S.
  • Verein für Socialpolitik, Ausschuss für Entwicklungsländer

Time of origin

  • 2009

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