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Financial Markets, Credit Constraints, and Investment in Rural Romania (World Bank Technical Papers)

ISBN13: 9780821349281
ISBN: 0821349287
Binding: Paperback
List Price: $22.0
Publisher: World Bank Publications
Published Date:
Pages: 136

This study evaluates the performance of financial markets in rural areas of Romania based on the 1998 rural household, rural enterprise, and financial intermediary surveys, along with other official statistical data for 1997. It presents empirical evidence indicating that constrained access to credit markets negatively influences the investment behavior of households and enterprises. The report recommends a detailed government strategy to correct the observed shortcomings of rural financial markets and identifies new challenges that are likely to appear.