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Reforming the Systems of Rural Finance Provision in Romania: Some Options for Privatisation and Change

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  • J.R. Davis
  • P.G. Hare

Abstract

It is argued, that the National Bank of Romania should not be in the business of providing direct finance to agriculture. The entire system of support for agriculture, in particular the means of providing rural finance and credit needs to be reviewed, so that non-inflationary solutions may be found. This paper will discuss the necessary reforms (directions and modalities) of Romania’s financial sector policies with regard to privatisation: (i) with special emphasis on accelerating the pace of the economic reform mechanism in the rural areas; and (ii) consider the possibilities of further decentralising Romania’s financial market and of improving the integrity between financial agent and client.

Suggested Citation

  • J.R. Davis & P.G. Hare, 1997. "Reforming the Systems of Rural Finance Provision in Romania: Some Options for Privatisation and Change," CERT Discussion Papers 9713, Centre for Economic Reform and Transformation, Heriot Watt University.
  • Handle: RePEc:hwe:certdp:9713
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    File URL: http://www2.hw.ac.uk/sml/downloads/cert/wpa/1997/dp9713.pdf
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    References listed on IDEAS

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    1. Enrico C. Perotti & Octavian Carare, 1996. "The Evolution of Bank Credit Qulity in Transition: Theory and Evidence from Romania," William Davidson Institute Working Papers Series 49, William Davidson Institute at the University of Michigan.
    2. George A Mackenzie & Peter Stella, 1996. "Quasi-Fiscal Operations of Public Financial Institutions," IMF Occasional Papers 142, International Monetary Fund.
    3. G. Schrieder & F. Heidhues, 1997. "Access Constraints of Romanian Peasants in Relation to the Formal Financial Sector," CERT Discussion Papers 9712, Centre for Economic Reform and Transformation, Heriot Watt University.
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    Cited by:

    1. Buchenrieder, Gertrud & Hanf, Jon Henrich & Pieniadz, Agata, 2009. "20 years of transition in the agri-food sector," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 58(7).
    2. Heidhues, Franz & Davis, Junior R & Schrieder, Gertrud, 1998. "Agricultural Transformation and Implications for Designing Rural Financial Policies in Romania," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 25(3), pages 351-372.
    3. repec:kap:iaecre:v:6:y:2000:i:1:p:16-32 is not listed on IDEAS
    4. Franz Heidhues & Gertrud Schrieder, 2000. "Rural development and financial markets in Romania," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 6(1), pages 16-32, February.
    5. G. Schrieder & F. Heidhues, 1997. "Access Constraints of Romanian Peasants in Relation to the Formal Financial Sector," CERT Discussion Papers 9712, Centre for Economic Reform and Transformation, Heriot Watt University.
    6. Gertrud Schrieder & Franz Heidhues, 1998. "Transformation and Rural Finance," CERT Discussion Papers 9812, Centre for Economic Reform and Transformation, Heriot Watt University.
    7. Junior Davis & Adriana Cristoiu, 2005. "Patterns of rural non-farm diversification and employment in," Development and Comp Systems 0510021, EconWPA.
    8. Junior R Davis & Angela Gaburici & Paul G. Hare, 1998. "What's Wrong with Romanian Rural Finance? Understanding the Determinants of Private Farmers' Access to Credit," CERT Discussion Papers 9808, Centre for Economic Reform and Transformation, Heriot Watt University.
    9. Dirk J. Bezemer, 2000. "Limitations on De-collectivisation in Central European Agriculture," Tinbergen Institute Discussion Papers 00-037/2, Tinbergen Institute.
    10. Junior R Davis & Angela Gaburici, 1998. "The Economic Activity of Private Farms in Romania during Transition. Just how competitive are they?," CERT Discussion Papers 9807, Centre for Economic Reform and Transformation, Heriot Watt University.

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