Description

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.

Contents

• Foreword, Preface
• Part A: Development of Rural Financial Markets
  • Introduction
  • Economic Transformation and Rural Financial Markets in Asia
  • Development of Rural Financial Markets
  • Developing Rural Financial Markets In Asia: What Has Been Learned?
  • Developing Rural Financial Markets In Asia: What Should Be Done?
• Part B: Case Studies
  • Introduction to the Case Studies
  • Rural Financial Market Development in Bangladesh: Failing Banks, Thriving Microfinance
  • Rural Financial Market Development in India: Large Institutions, Poor Performance
  • Rural Financial Market Development in the Kyrgyz Republic: Fast-Track Transition
  • Rural Financial Market Development in the People's Republic of China: A Process of Planned Transition
  • Rural Financial Market Development in Indonesia: Mixing Markets and Mandates
  • Rural Financial Market Development in Thailand:Maximizing Outreach, Minimizing Subsidies
• References
• Author and Subject Indexes