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Financial Liberalization and the Agrarian Sector: India and Kenya Compared


  • Bose, Sukanya


The agrarian sector in many developing countries has been going through a phase of slowdown, at times aggravating to a crisis, which has called for serious research and introspection into the policies and policy regimes that underlie their development trajectories. This paper looks at one set of important policies, namely the policies of financial liberalisation and traces its linkages with the agrarian sector. It uses the context of two developing economies, India and Kenya that were married to the idea of development banking in the 1950s and 1960s but have liberalized the economy since then, to understand the impact of financial liberalization on the agrarian sector.

Suggested Citation

  • Bose, Sukanya, 2004. "Financial Liberalization and the Agrarian Sector: India and Kenya Compared," MPRA Paper 28509, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:28509

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    References listed on IDEAS

    1. Carmen M. Reinhart & Ioannis Tokatlidis, 2003. "Financial Liberalisation: The African Experience," Journal of African Economies, Centre for the Study of African Economies (CSAE), vol. 12(Supplemen), pages 53-88, September.
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    More about this item


    Financial sector; directed credit; financial liberalization; India; Kenya; agriculture; marketing.;

    JEL classification:

    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance


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