Laendliche Finanzmarktpolitik im Rahmen hoher gesamtwirtschaftlicher Verschuldung.
1986
Stockhausen J. von
The indebtedness of the developing countries has now reached dimensions that endanger more and more the consistent solvency of just the poorer countries. In order to maintain it, increased efforts are required in order to further efficient capital utilization and domestic capital formation. In many developing countries forced saving techniques are used to promote the capital transfer from the agricultural to the non-agricultural sector of the economy. The application of this technique and the compensating establishment of agricultural credit programs by the state have led to underdeveloped rural capital markets. Reform strategies to improve the functioning of the rural capital markets, if they have been primarily limited to the institutional sector. The experiences with such initiatives show however that their success is very modest to the extent as they are deprived of adequate basic regulatory instruments.
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