Financial Markets, Credit Constraints, and Investment in Rural Romania

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dc.creatorChaves, Rodrigo A.
dc.creatorSanchez, Susana
dc.creatorSchor, Saul
dc.creatorTesliuc, Emil
dc.date2013-06-13T14:46:10Z
dc.date2013-06-13T14:46:10Z
dc.date2001-04
dc.date.accessioned2026-07-01T01:30:00Z
dc.descriptionThe report assesses the performance of financial markets in rural areas of Romania, based on three - rural household, rural enterprise, and financial intermediary - surveys, carried out in 1998, and other official data covering 1997. The study finds that rural financial markets perform rather poorly in three key dimensions: the degree of access to financial services by rural economic agents (enterprises and households) is very limited; this limited access hinders the ability of these agents to take advantage of the investment opportunities available in rural areas; and, these markets failed to allocate flows of credit to those agents with the most profitable investment opportunities. This poor performance is caused by an unfortunate combination of short term circumstances, structural factors, and government policies, and interventions. In particular, the degree of access to credit services by rural agents is very low, because several factors have combined, to weaken both the supply of, and demand for rural credit. The report suggests a detailed government strategy to correct the observed shortcomings of rural financial markets, and identifies new challenges likely to appear. Moreover, the Government could assist in increasing the availability of credit, by improving policies in financial markets, legal and regulatory framework, and, the ability of the financial sector to provide retail financial services.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2001/04/1089534/financial-markets-credit-constraints-investment-rural-romania
dc.identifier0-8213-4928-7
dc.identifierhttps://hdl.handle.net/10986/13893
dc.identifierhttps://doi.org/10.1596/0-8213-4928-7
dc.identifier.urihttp://hdl.handle.net/123456789/418653
dc.languageEnglish
dc.languageen_US
dc.publisherWashington, DC: World Bank
dc.relationWorld Bank Technical Paper;No. 499
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo
dc.rightsWorld Bank
dc.subjectMARKET ANALYSIS
dc.subjectFINANCIAL MANAGEMENT
dc.subjectCREDIT MARKETS
dc.subjectCREDIT RESTRAINT
dc.subjectINVESTMENT BARRIERS
dc.subjectRURAL FINANCE
dc.subjectHOUSEHOLD SURVEYS
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectACCESSIBLE SERVICES
dc.subjectFINANCIAL SERVICES
dc.subjectRURAL ECONOMIC DISPARITIES
dc.subjectFINANCIAL VOLATILITY
dc.subjectINFLATION RATES
dc.subjectLEGAL & REGULATORY FRAMEWORK
dc.subjectAGRICULTURAL SUBSIDIES
dc.subjectPOLICY REFORM
dc.subjectINTERVENTION STRATEGIES
dc.subjectINSTITUTIONAL FRAMEWORK
dc.subjectRETAIL MARKETING ACCOUNTING
dc.subjectACCOUNTING RECORDS
dc.subjectAGRICULTURE
dc.subjectAQUIFERS
dc.subjectBANK BRANCHES
dc.subjectBANK DEPOSITS
dc.subjectBANKING SECTOR
dc.subjectBANKING SYSTEM
dc.subjectBANKS
dc.subjectBOOK VALUE
dc.subjectBORROWING
dc.subjectCAPITAL ADEQUACY
dc.subjectCASH FLOW ANALYSIS
dc.subjectCASH FLOWS
dc.subjectCOLLATERAL
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMERCIAL CREDIT
dc.subjectCONSOLIDATED FINANCIAL STATEMENTS
dc.subjectCONSOLIDATION
dc.subjectCREDIT MARKETS
dc.subjectCREDIT RISK
dc.subjectDEBT
dc.subjectDEPOSITS
dc.subjectDEPRECIATION
dc.subjectDEVELOPMENT POLICIES
dc.subjectDUAL ECONOMY
dc.subjectECOLOGY
dc.subjectECONOMIC REFORM
dc.subjectECONOMIC RESEARCH
dc.subjectECONOMIC SECTORS
dc.subjectECONOMICS
dc.subjectEMPIRICAL ANALYSIS
dc.subjectEMPIRICAL EVIDENCE
dc.subjectEMPIRICAL INFORMATION
dc.subjectEMPLOYMENT
dc.subjectENVIRONMENTAL PERFORMANCE
dc.subjectEXCHANGE RATE
dc.subjectFARMS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INTEGRATION
dc.subjectFINANCIAL INTERMEDIARIES
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL PERFORMANCE
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL TRANSACTIONS
dc.subjectFOREST MANAGEMENT
dc.subjectFORESTRY
dc.subjectGDP
dc.subjectGROWTH RATE
dc.subjectINCOME
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINFLATION RATES
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL TRADE
dc.subjectLIQUIDATION
dc.subjectMANAGEMENT INFORMATION SYSTEMS
dc.subjectMATURITY
dc.subjectNOMINAL INTEREST RATES
dc.subjectPER CAPITA INCOME
dc.subjectPOLICY MAKERS
dc.subjectPRIVATE BANKS
dc.subjectPRIVATIZATION
dc.subjectPRODUCTION COSTS
dc.subjectPRODUCTION TECHNOLOGY
dc.subjectPROFITABILITY
dc.subjectPRUDENTIAL REGULATIONS
dc.subjectPUBLIC FINANCE
dc.subjectPUBLIC POLICY
dc.subjectREGULATORY FRAMEWORK
dc.subjectREORGANIZATION
dc.subjectRETURN ON ASSETS
dc.subjectRETURN ON EQUITY
dc.subjectSAVINGS
dc.subjectSAVINGS ACCOUNTS
dc.subjectSTATE BANKING
dc.subjectSTATE BANKS
dc.subjectSTATE ENTERPRISES
dc.subjectSTATISTICAL DATA
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectTRANSACTION COSTS
dc.subjectTRANSITION ECONOMIES
dc.subjectWAGES
dc.subjectWATER PRICING
dc.titleFinancial Markets, Credit Constraints, and Investment in Rural Romania

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