Building Durable Rural Financial Markets

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CFAES_ESO_1896.pdf (1005.39 KB)

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1991-10

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Ohio State University. Department of Agricultural, Environmental, and Development Economics

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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.

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http://hdl.handle.net/1811/66364

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ESO: Economics and Sociology Occasional Papers (AEDE)