IDEAS home Printed from https://ideas.repec.org/p/ags/iaaeo5/197661.html
   My bibliography  Save this paper

Agricultural Credit Cooperatives and Supply Restructuring in Portugal: Healthy Innovation or Institutional Collapse?

Author

Listed:
  • Pinho, Ezequiel de Almeida
  • Graham, Douglas H.

Abstract

This paper docwnents the radical restructuring of the supply of agricultural credit in Portugal in the 1980s. In the previoos decade, commercial banks and Ministry of Agriculture programmes dominated the supply of agrirultural finance. By 1986, however, the national network of agricultural credit coq>eratives (Caixas de Crf.dito Agricola MUtuo) had emerged as the major supplier of agricultural credit in the country. Controversies such as ponfolio concentration, a high incidence of rescheduled loans, high cquily multipliers, low capital-.. set ratio., and. unstable and ambiguous rates of return on equity (net worth) have led to the crea·tfon of a second-tiu institution to intermediate excess liquidity in the network and act as a lender of last resorL Statutory limitations· en CCAM lending activity and controversies surroonding a new national bank-type role for the second-tier institution currently create uncertainty about the future of the CCAM system in Portugal.

Suggested Citation

  • Pinho, Ezequiel de Almeida & Graham, Douglas H., 1989. "Agricultural Credit Cooperatives and Supply Restructuring in Portugal: Healthy Innovation or Institutional Collapse?," 1989 Occasional Paper Series No. 5 197661, International Association of Agricultural Economists.
    • Handle: RePEc:ags:iaaeo5:197661
    DOI: 10.22004/ag.econ.197661
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/197661/files/agecon-occpapers-1989-004_1_.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.197661?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:iaaeo5:197661. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/iaaeeea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.