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Rural Financial Markets in Developing Countries


Jonathan H. Conning


City University of New York, CUNY Hunter College - Department of Economics

Christopher R. Udry


Yale University - Economic Growth Center

June 2005

Yale University Economic Growth Center Discussion Paper No. 914

Abstract:     
This review examines portions of the vast literature on rural financial markets and household behavior in the face of risk and uncertainty. We place particular emphasis on studying the important role of financial intermediaries, competition and regulation in shaping the changing structure and organization of rural markets, rather than on household strategies and bilateral contracting. Our goal is to provide a framework within which the evolution of financial intermediation in rural economies can be understood.

Number of Pages in PDF File: 88

Keywords: Rural Finance, Financial Intermediation, Agricultural Credit

JEL Classification: O16, Q14, O17, O12

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Date posted: July 18, 2005  

Suggested Citation

Conning, Jonathan H. and Udry, Christopher R., Rural Financial Markets in Developing Countries (June 2005). Yale University Economic Growth Center Discussion Paper No. 914. Available at SSRN: http://ssrn.com/abstract=756965

Contact Information

Jonathan H. Conning
City University of New York, CUNY Hunter College - Department of Economics ( email )
695 Park Avenue
New York, NY 10021
United States
Christopher R. Udry (Contact Author)
Yale University - Economic Growth Center ( email )
Box 208269
New Haven, CT 06520-8269
United States
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