✉news BusinessFinance first seen 1 d ago, last 23 h ago, peak #15
Formal and informal finance less different than assumed
Original: The difference between “formal” and “informal” finance isn’t as great as you may think
A new commentary from Corporate Knights argues that the widely accepted divide between formal and informal finance is far smaller than commonly believed. The piece suggests that supposedly official financial systems share more characteristics with informal ones than mainstream discussions acknowledge, challenging assumptions about how money and credit actually operate across economies.
Why now: Readers are engaging with a contrarian take on how financial systems are categorised.
Evidence
- The difference between “formal” and “informal” finance isn’t as great as you may think · Corporate Knights
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