Rural Financial Markets in Developing Countries

Christopher Udry
Jonathan Conning
Publication Type: 
Books and Book Chapters
Book Title: 
Handbook of Agricultural Economics, vol. 3
Book Editor: 
Robert Evenson and Prabhu Pingali
City of Publication: 
Oxford, UK
Publisher: 
North-Holland
Pages: 
2858-2908
Publication Year: 
2007

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.

JEL Codes: 
O16, Q14, O17, O12
Region: 
Global
Country: 
Global
Topic: 
Informal Economy
Topic: 
Agriculture
Topic: 
Productivity