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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Notes
- 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.
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© 2023 The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.
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Weiping, L. (2023). Social Trust Rupture and Informal Financial Crisis in City D. In: Social Trust. Palgrave Macmillan, Singapore. https://doi.org/10.1007/978-981-99-2931-3_4
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DOI: https://doi.org/10.1007/978-981-99-2931-3_4
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Publisher Name: Palgrave Macmillan, Singapore
Print ISBN: 978-981-99-2930-6
Online ISBN: 978-981-99-2931-3
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