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Rural Financial Markets in Developing Countries

In: Handbook of Agricultural Economics

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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, in: Robert Evenson & Prabhu Pingali (ed.), Handbook of Agricultural Economics, edition 1, volume 3, chapter 56, pages 2857-2908, Elsevier.
    • Handle: RePEc:eee:hagchp:5-56
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    JEL classification:

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

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