Meeting the needs of the rural poor through post-reform financial markets
Year | : | 2003 |
---|---|---|
Author/s | : | Javier Escobal, Carolina Trivelli, Stephen Boucher, Edward Taylor, Antonio Yunez |
Area/s | : | Rural development and agriculture, Poverty and equality |
Boucher, S., Taylor, E., Yunez, A., Escobal, J. y Trivelli, C. (2003). Meeting the needs of the rural poor through post-reform financial markets. Basis Brief, 18, 1-4.
This paper presents the context of BASIS CRSP project, “The Structure and Performance of Rural Financial Markets and the Welfare of the Rural Poor,” which seeks to evaluate the performance of Mexico’s and Peru’s liberalized financial markets. The authors identify important characteristics of financial sector liberalization in these countries:
-Elimination of price controls and state control over inputs;
-Elimination of development banks and controls on interest rates;
-Creation of private property rights.