I think it is worthwhile acting in two directions in this area: first, to try to reduce the gray market by developing alternative institutional sources of financing, and second, to regulate the legitimate activity in the gray market through legislation and regulation to the point where it no longer justifies the term “gray market”, and to supervise activity in this market.
When we talk about increasing the legitimate sources of financing for households and small businesses, first of all there is the institutional system. The banks: In recent years, bank credit to households and small business has constantly been increasing, and the banks have identified the advantages, from their standpoint, in operations vis-à-vis these customers.