Dale W Adams

Undermining Rural Development With Cheap Credit

• Broschiertes Buch

Produktbeschreibung

Originally published in 1985, twenty-three chapters are brought together in 4 parts dealing with, respectively, problems in rural¿finance, interest rate policies,¿politics¿and finance, and new directions for rural financial¿markets. In an introduction it is argued that cheap and abundant credit is often regarded as essential for¿rural development¿but that actions taken on the basis of this assumption have given disappointing results. Low-interest policies and the improper use of financial markets are seen as the principal reasons for this. It is recommended that higher and more flexible interest rates are allowed and that little or no attention is given to target loans. Informal lenders are thought to offer valuable services therefore they should not be discouraged. More emphasis should be put on voluntary savings mobilization and access to formal loans by non-farm rural firms. It is concluded that many traditional¿agricultural credit¿programmes are counterproductive and that attractive product and input¿prices¿together with higher¿yields¿would be more powerful in stimulating¿agricultural development.

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Produktdetails

• Verlag: Routledge
• Seitenzahl: 338
• Erscheinungstermin: 30. Juni 2022
• Englisch
• Abmessung: 229mm x 152mm x 18mm
• Gewicht: 491g
• ISBN-13: 9780367215491
• ISBN-10: 0367215497
• Artikelnr.: 69892083

Autorenporträt

Dale W Adams, Douglas H Graham

Inhaltsangabe

Introduction 1 Part 1 Problems in Rural Finance 1 Effects of Finance on Rural Development
2 Farm-Household Heterogeneity and Rural Financial Markets: Insights from Thailand
3 Problems with Specialized Agricultural Lenders
4 Illusion and Reality in Allocating Agricultural Credit: The Example of Colombia
Part 2 Interest-Rate Policies 5 Overview of the Importance of Interest-Rate Policies
6 Are the Arguments for Cheap Agricultural Credit 8 Agricultural Lending Costs in Honduras
9 Loan-Transactions Costs
Credit Rationing
and Market Structure: The Case of Bolivia
10 Cheap Agricultural Credit: Redistribution in Reverse
11 The Effect of Subsidized Agricultural Credit on Income Distribution in Costa Rica
12 Rural Credit and Positive Real Rates of Interest: Brazil's Experience with Rapid Inflation
Part 3 Politics and Finance 13 Overview of Relationships Between Politics and Finance
14 Political Economy of Subsidizing Agricultural Credit in Developing Countries
15 Agricultural Credit
Political Economy
and Patronage
16 Economic Distortions and Financial Reforms
17 Credit and Price Policies in Philippine Agriculture
Part 4 New Directions for Rural Financial Market s 18 Overview of New Directions for Rural Financial Markets
19 Informal Saving and Credit Arrangements in Developing Countries: Observations from Sri Lanka 20 Savings Mobilization: The Forgotten Half of Rural Finance
21 Working Capital and Nonfarm Rural Enterprises
22 Improving Donor Intervention in Rural Finance
23 An Agenda for Reform of Rural Financial Markets in Low-Income Countries