Chapter 56 Rural Financial Markets in Developing Countries

Jonathan Conning*, Christopher Udry

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapter

123 Scopus citations


This review examines portions of the vast literature on rural financial markets and household behavior in the face of risk and uncertainty and limited commitment. In addition to examining household strategies and bilateral contracting we place particular emphasis on studying the important role of financial intermediaries, competition and regulation in shaping the changing structure and organization of rural markets. Our goal is to provide a framework within which the evolution of financial intermediation in rural economies can be understood.

Original languageEnglish (US)
Title of host publicationAgricultural Development
Subtitle of host publicationFarmers, Farm Production and Farm Markets
EditorsR. Evenson, P. Pingali
Number of pages52
StatePublished - 2007

Publication series

NameHandbook of Agricultural Economics
ISSN (Print)1574-0072


  • agricultural credit
  • financial intermediation
  • rural finance

ASJC Scopus subject areas

  • Animal Science and Zoology
  • Agronomy and Crop Science
  • Economics and Econometrics


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