Reforming the Systems of Rural Finance Provision in Romania: Some Options for Privatisation and Change

34 Pages Posted: 3 Aug 1998

See all articles by Junior R. Davis

Junior R. Davis

Heriot-Watt University

Paul G. Hare

Heriot-Watt University; CASE, Warsaw

Abstract

It is argued, that the National Bank of Romania should not be in the business of providing direct finance to agriculture. The entire system of support for agriculture, in particular the means of providing rural finance and credit needs to be reviewed, so that non-inflationary solutions may be found. This paper will discuss the necessary reforms (directions and modalities) of Romania's financial sector policies with regard to privatisation: (i) with special emphasis on accelerating the pace of the economic reform mechanism in the rural areas; and (ii) consider the possibilities of further decentralising Romania's financial market and of improving the integrity between financial agent and client.

JEL Classification: O16, P34

Suggested Citation

Davis, Junior R. and Hare, Paul, Reforming the Systems of Rural Finance Provision in Romania: Some Options for Privatisation and Change. Available at SSRN: https://ssrn.com/abstract=109749 or http://dx.doi.org/10.2139/ssrn.109749

Junior R. Davis (Contact Author)

Heriot-Watt University

Paul Hare

Heriot-Watt University ( email )

Riccarton
Edinburgh EH14 4AS, Scotland EH14 1AS
United Kingdom
0131 451 3483 (Phone)
0131 451 3498 (Fax)

CASE, Warsaw ( email )

Al. Jana Pawła II 61/212
Warsaw, 01-031
Poland

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