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
Yale University Economic Growth Center Discussion Paper No. 914
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
Date posted: July 18, 2005
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