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Rural Financial Markets in Developing Countries

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  • Conning, Jonathan
  • Udry, Christopher

Abstract

This review examines portions of the vast literature on rural financial markets and household behavior in the face of risk and uncertainty and limited commitment. In addition to examining household strategies and bilateral contracting 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. Our goal is to provide a framework within which the evolution of financial intermediation in rural economies can be understood.

Suggested Citation

  • Conning, Jonathan & Udry, Christopher, 2007. "Rural Financial Markets in Developing Countries," Handbook of Agricultural Economics, Elsevier.
  • Handle: RePEc:eee:hagchp:5-56
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    Keywords

    Farmers; Farm Production and Farm Markets;

    JEL classification:

    • Q1 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture

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