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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. P. Schultz. Last edited: June 20, paper can be downloaded without charge from the Social Science Research Networkelectronic library at: index to papers in the Economic Growth Center Discussion Paper Series is located at: ~ Financial Markets in Developing CountriesJonathan Conning and Christopher UdryThis review examines portions of the vast literature on Rural Financial Markets andhousehold behavior in the face of risk and uncertainty.

1 Chapter 15 RURAL FINANCIAL MARKETS IN DEVELOPING COUNTRIES JONATHAN CONNING Department of Economics, Hunter College, City University of New York, New York, NY

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