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
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Englisch
- Bibliographic citation
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Series: Proceedings of the German Development Economics Conference, Frankfurt a.M. 2009 ; No. 19
- Classification
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Wirtschaft
Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
- Subject
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credit constraints
informal finance
- Event
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Geistige Schöpfung
- (who)
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Klonner, Stefan
Rai, Ashok S.
- Event
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Veröffentlichung
- (who)
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Verein für Socialpolitik, Ausschuss für Entwicklungsländer
- (where)
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Göttingen
- (when)
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2009
- Handle
- Last update
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20.09.2024, 8:24 AM CEST
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Konferenzbeitrag
Associated
- Klonner, Stefan
- Rai, Ashok S.
- Verein für Socialpolitik, Ausschuss für Entwicklungsländer
Time of origin
- 2009