Study of Rural Asia: Volume 3
Rural Financial Markets in Asia: Policies Paradigms, and Performance
Written by Richard L. Meyer and Geetha Nagarajan
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Books, Periodicals, Studies, and Reports
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Hardcopy price: $55.00 ISBN: 0-19-592451-7
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(Pub. Date: 2000)
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Rural financial markets have lagged behind in the progress of the rural economy in Asia. This volume, the third in a series, presents a summary of the conceptual evolution that has occurred in rural financial markets since the 1970s.
The development of rural financial markets in Asia has been a movement from mandates to markets:
- the failure of directed credit in many developing Asian countries,
- the development of microfinance contributed to the emergence of a new market-based paradigm.
However, many Asian countries have yet to adopt the new paradigm. The transition countries need to create financial markets involving transformation from a state-planned to a market-based economy.
Based on the experiences of 3 Asian flagship financial institutions, and analysis of other financial institutions, a 3-pronged framework for building financial markets is developed:
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Foreword, Preface [ PDF: 100kb | 6 pages ]
Part A. Development of Rural Financial Markets
Chapter I Introduction [ PDF: 36kb | 6 pages ]
Background
Methodology
Organization
Chapter II Economic Transformation and Rural Financial Markets in Asia [ PDF: 69kb | 14 pages ]
The Economic Transformation of Asia
Structural Transformation and the Role of Agriculture
The Emergence of Rural Nonfarm Activities: One Foot on the Farm and One in Town
The Commercialization of Agriculture
Markets and the Critical Role of Finance
The Emergence of Markets
The Role of Finance
Policymaker Perceptions about Rural Finance
Finance and Welfare Outcomes
Rural Financial Market Policies in Asia
Chapter III Development of Rural Financial Markets [ PDF: 137kb | 46 pages ]
The Financial System and Economic Development
Finance and Economic Development
Rural Development and the Demand for Financial Services
The Structure of the Financial System
The Costs and Risks of Providing Financial Services
Evolution in Policies and Approaches to Rural Finance: Moving From Mandates to Markets
Government Intervention in Financial Markets
Directed Credit
Doubts About the Directed Agricultural Credit Paradigm
The Microfinance Revolution: Fad and Fundamentals
The Changing Paradigm for Developing Rural Financial Markets
Creating Financial Markets in Transition Economies
The New Emphasis on Information in Finance
A Strategy to Build Rural Financial Markets
Creating the Policy Environment
Building Financial Infrastructure
Institutional Development
Chapter IV Developing Rural Financial Markets In Asia: What Has Been Learned? [ PDF: 101kb | 28 pages ]
Major Developments in the Region: Learning from Failures
The Directed Agricultural Credit Paradigm in Rural Asia
The Special Case of Directed Credit in East Asia
Understanding the Financial and Economic Crisis in Asia
Rural Finance in Asia in 1999
Learning from Success: Three Flagship Institutions
What are the Characteristics and Performance Indicators of
Successful Rural Financial Institutions?
What Factors Determine the Success of Rural Financial Institutions?
Chapter V Developing Rural Financial Markets In Asia: What Should Be Done? [ PDF: 79kb | 20 pages ]
Major Conclusions
The Rural Economy, the Green Revolution, and Rural Financial Markets
Intervention by the State in Rural Financial Markets
Major Shortcomings of Asian Rural Financial Markets
Asian Success Stories
Problems in Implementing the New Paradigm
Special Asian Problems
The Financial Crisis and Beyond
Recommendations
Creating an Appropriate Policy Environment
Building Financial Infrastructure
Institutional Development
Two Special Challenges for Institutional Development
Major Issues for Donors
Financial Markets for the Twenty-first Century: Is Asia Ready?
Part B. Case Studies
Chapter VI Introduction to the Case Studies [ PDF: 61kb | 10 pages ]
Objective of the Study
Selection of Case-Study Countries
Comparative Analysis
Economic Growth
Land, Population, and Agriculture
Structural Transformation
Financial Deepening
Chapter VII Rural Financial Market Development in Bangladesh: Failing Banks, Thriving Microfinance [ PDF: 123kb | 40 pages ]
Overview of the Financial System
Approach to Rural and Agricultural Finance
The Evolution and Current Status of Key Rural Financial Institutions
Participants
Outreach
Sustainability
Deposit Mobilization
Microfinance
Informal Finance
Financial Crisis and Natural Disasters
Current Potential and Constraints for Rural Finance
Creating the Policy Environment
Creating and Strengthening the Financial Infrastructure
Institutional Development
Chapter VIII Rural Financial Market Development in India: Large Institutions, Poor Performance [ PDF: 122kb | 38 pages ]
Overview of the Financial System
Approach to Rural and Agricultural Finance
The Evolution and Current Status of Key Rural Financial Institutions
Participants
Outreach
Sustainability
Deposit Mobilization
Microfinance
Informal Finance
Implications of the Financial Crisis
Current Potential and Constraints for Rural Finance Creating the Policy Environment
Creating and Strengthening the Financial Infrastructure
Institutional Development
Chapter IX Rural Financial Market Development in the Kyrgyz Republic: Fast-Track Transition [ PDF: 108kb | 32 pages ]
Overview of the Financial Sector
Approach to Rural and Agricultural Finance
The Evolution and Current Status of Key Rural Financial Institutions
Microfinance
Informal Finance
Current Potential and Constraints for Rural Finance
Future Directions
Creating the Policy Environment
Creating and Strengthening the Financial Infrastructure
Institutional Development
Chapter X Rural Financial Market Development in the People's Republic of China: A Process of Planned Transition [ PDF: 114kb | 36 pages ]
Overview of the Financial System
Approach to Rural and Agricultural Finance
The Evolution and Current Status of Key Rural Financial Institutions
Participants
Performance of Major Rural Financial Institutions
Deposit Mobilization
Microfinance
Informal Finance
Current Potential and Constraints for Rural Finance
Future Directions
Creating the Policy Environment
Creating and Strengthening the Financial Infrastructure
Institutional Development
Chapter XI Rural Financial Market Development in Indonesia: Mixing Markets and
Mandates [ PDF: 131kb | 40 pages ]
Overview of the Financial System
Approach to Rural and Agricultural Finance
The Evolution and Current Status of Key Rural Financial Institutions and Programs
Participants
Outreach
Sustainability
Deposit Mobilization
Microfinance
Informal Finance
Implications of the Financial Crisis
Current Potential and Constraints for Rural Finance
Creating the Policy Environment
Creating and Strengthening the Financial Infrastructure
Institutional Development
Chapter XII Rural Financial Market Development in Thailand:Maximizing Outreach, Minimizing Subsidies [ PDF: 134kb | 44 pages ]
Overview of the Financial System
Approach to Rural and Agricultural Finance
The Evolution and Current Status of Key Rural Financial Institutions and Programs
Participants
Outreach
Sustainability
Deposit Mobilization
Microfinance
Informal Finance
Implications of the Financial Crisis
Current Potential and Constraints for Rural Finance
Creating the Policy Environment
Creating and Strengthening the Financial Infrastructure
Institutional Development
References [ PDF: 118kb | 26 pages ]
Author and Subject Indexes [ PDF: 91kb | 21 pages ]
Oxford is a trade mark of Oxford University Press
First published 2000
This impression (lowest digit) 13579108642
Published in the United States by Oxford University Press, New York
© Asian Development Bank 2000
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