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2023 | OriginalPaper | Chapter

4. Social Trust Rupture and Informal Financial Crisis in City D

Author : Liu Weiping

Published in: Social Trust

Publisher: Springer Nature Singapore

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Abstract

By introducing the “abnormal death” of a private entrepreneur which ignited the informal financial crisis in City D, this chapter analyzes the causes of Social Trust Rupture in city D and stressed that the informal capital market, which is gradually formed and developed on the basis of trust of individuals in acquaintance society and informal lending behavior, is a necessary supplement to formal finance.

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previous chapter Traditional Social Trust and the Rise of Informal Finance in City D
next chapter Strategies of Different Departments to Cope with Informal Financial Crisis
Footnotes
1
The first wave was the contraction regulation represented by “Article 10 of the State”.
 
2
The second wave was the suppression regulation represented by “Article 10 of the State”.
 
3
The third wave was the regulation regulation represented by “9.29” New Deal.
 
Metadata
Title
Social Trust Rupture and Informal Financial Crisis in City D
Author
Liu Weiping
Copyright Year
2023
Publisher
Springer Nature Singapore
Book
Social Trust

Print ISBN: 978-981-9929-30-6

Electronic ISBN: 978-981-9929-31-3

Copyright Year: 2023

DOI
https://doi.org/10.1007/978-981-99-2931-3_4

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