Title: Evolution of rural finance in China: institutional "lock in" or gradualism?
Abstract:To mobilize savings and credit with earmarked priority to implement development strategies,
financial depression and policy-driven financial institutions dominated the rural financial
system in Chin...To mobilize savings and credit with earmarked priority to implement development strategies,
financial depression and policy-driven financial institutions dominated the rural financial
system in China. The ongoing reforms encourage the entry of private capitals into the rural
economy to liberalize the rural financial market. By making a retrospective review on the
evolution of the rural financial system in China, we find that there has been negligible
progress. The policy-led financial institutions ended up as merely a disbursement window
and a costly drain on state budget. Institutional changes were blocked by patching up the existing
institutions. Current reform faces challenges for a sustainable and pro-poor financial
system.Read More
Publication Year: 2008
Publication Date: 2008-01-01
Language: en
Type: article
Access and Citation
Cited By Count: 7
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