Financial Markets, Credit Constraints, and Investment in Rural Romania

Download or read book Financial Markets, Credit Constraints, and Investment in Rural Romania written by Rodrigo Chaves and published by World Bank Publications. This book was released on 2001 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.