This paper analyses the financial deepening position of both Romania's financial market in general and the rural financial market in particular. The indicator M2/GDP (20% in 1995) shows that Romania's financial depth is far less than might be expected for a country with its level of GNP....

In the process of transformation from a centrally-planned to a market-orientated economy, the domestic financial sector plays two important roles. First, the financial sector itself has to be fundamentally restructured, and second, its efficient functioning is a crucial precondition for the...

Analyzing secondary and primary data (collected in 2001-2002), this paper suggests a shift in national development policies from solely promoting rural credit to supporting local savings activities. The household data (N = 260) are econometrically analyzed applying conjoint analysis (CA)...