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FAO economic and social development paper N.134: Rural informal credit markets and the effectiveness of policy reform / Alexander Sarris, FAO

Tác giả : Alexander Sarris, FAO

Nhà xuất bản : FAO

Năm xuất bản : 1996

Nơi xuất bản : Rome

Mô tả vật lý : ## ; 130p.

ISBN : 92 5 103785 X

Số phân loại : 330

Chủ đề : 1. economic development - social aspects. 2. Kinh tế học. 3. Phát triển nông thôn.

Thông tin chi tiết

Tóm tắt :

The study reviews three different strands of literature relevant to the topic. The largely macroeconomic literature on financial libralisation and growth has produced arguments favouring largely unregulated financial markets. This review has been challenged by structuralists who have emphasised the dually between formal and informal financial markets, and have argued that financial liberation policies are stagflationary. The second strand has a microeconomic focus, emphasises the imperfect information aspects of rural financial markets, and has sought to explain several observed phenomena in rural areas that apparently prevent the proper operation of formal financial intermediaries. This literature has emphasised the fact that rural loan transactions appear to have implications for many other rural markets, suach as the labour and product markets. Finaaly the literature on household consumption smoothing and food security strategies has sought to explain how households respond to considerable market and non-market risks in rural areas.

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https://lrcopac.ctu.edu.vn/pages/opac/wpid-detailbib-id-16682.html