Building Durable Rural Financial Markets
Creators:Adams, Dale W.
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Publisher:Ohio State University. Department of Agricultural, Environmental, and Development Economics
Series/Report no.:Ohio State University. Department of Agricultural Economics and Rural Sociology. ESO (Economics and Sociology Occasional Paper). No. 1896
Studies in Rural Finance
Author evaluates two schools of thought on how success should be measured in financial markets and goes on to discuss the important but limited contributions these markets can made to development. Reasons for the poor performance of rural financial markets in many low-income countries and lessons that can be drawn from this experience are then presented. Author concludes that credit activities have been overemphasized and that more attention ought to be given to developing durable financial markets instead.