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

Junior Davis and Paul Hare ()

No 9713, CERT Discussion Papers from Centre for Economic Reform and Transformation, Heriot Watt University

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.

Date: 1997
New Economics Papers: this item is included in nep-eec and nep-fmk
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Persistent link: https://EconPapers.repec.org/RePEc:hwe:certdp:9713

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