Journal Article

Formal and informal financing in a Chicago neighborhood


Abstract: This article documents not only the actual use of banks, but also the widespread use of alternative financing mechanisms, using data from a survey of households and businesses in a Hispanic neighborhood of Chicago.

Keywords: Bank loans; Chicago (Ill.); Consumer behavior; Mortgages;

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Bibliographic Information

Provider: Federal Reserve Bank of Chicago

Part of Series: Economic Perspectives

Publication Date: 1996

Volume: 20

Issue: Jul