Transcription of Rural Financial Markets in Developing Countries
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Rural Financial Markets in Developing Countries
ECONOMIC GROWTH CENTERYALE Box 208629 New Haven, CT 06520-8269 ~egcenter/CENTER DISCUSSION PAPER NO. 914 Rural Financial Markets in Developing CountriesJonathan ConningHunter College, City University of New YorkandChristopher UdryYale UniversityJune 2005 Notes: Center Discussion Papers are preliminary materials circulated to stimulate discussionsand critical for The Handbook of Agricultural Economics, Vol. 3, AgriculturalDevelopment: Farmers, Farm Production and Farm Markets , edited by Evenson, , , and T.
4 opposed financial market liberalization or have lobbied to favor government interventions in rural finance. In many cases a history of heavy-handed political interventions has led
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