Undermining rural development with cheap credit / edited by Dale W. Adams, Douglas H. Graham and J.D. Von Pischke ; contributors Richard L. Meyer, Adelaida P. Alicbusan, Compton Bourne, Robert C. Vogel, Donald W. Larson, Claudio González-Vega, Joao Sayad, Edward J. Kane, Harry W. Blair, Edward John ray, Cristina C. David, F.J.A. Bouman, Peter Kilby, Carl E. Liedholm and Robert E. Firestime.

List of tables and figures, xiii -- Preface, xvii -- Introduction, 1 -- Part 1. Problems in rural finance -- 1. Effects of finance on rural development / Dale W. Adams, 11 -- 2. Farm-household heterogeneity and rural financial markets: insights from thailand / Richard L. Meyer and Adelaida P. Alicbusan, 22 -- 3. Problems with specialized agricultural lenders / Compton Bourne and Douglas H. Graham, 36 -- 4. Illusion and reality in allocating agricultural credit: the example of Colombia / Robert C. Vogel and Donald W. Larson, 49 -- Part 2. Interest-rate policies -- 5. Overview of the importance of interest-rate Policies / Dale W Adams, Douglas H. Graham, and J. D. Von Pischke, 61 -- 6. Are the arguments for cheap agricultural credit sound? / Dale W Adams, 65 -- 7. Credit-rationing behavior of agricultural lenders: The iron law of interest-rate restrictions / Claudio González- Vega, 78 -- 8. Agricultural lending costs in honduras / Carlos E. Cuevas and Douglas H. Graham, 96 -- 9. Loan-transactions costs, credit rationing, and market structure: the case of Bolivia / Jerry R. Ladman, 104 -- 10. Cheap agricultural credit: redistribution in reverse / Claudio González Vega, 120 -- 11. The effect of subsidized agricultural credit on income distribution in Costa Rica / Robert C. Vogel, 133 -- 12. Rural credit and positive real rates of interest: Brazil's experience with rapid inflation / Joao Sayad, 146 -- Part 3. Politics and finance -- 13. Overview of relationships between politics and Finance / Dale W Adams, Douglas H. Graham, and J. D. Von Pischke, 163 -- 14. Political economy of subsidizing agricultural credit in developing countries / Edward J. Kane, 166 -- 15. Agricultural credit, political economy, and patronage / Harry W Blair, 183 -- 16. Economic distortions and financial reforms / Edward John Ray, 194 -- 17. Credit and price policies in Philippine agriculture / Cristina C. David, 210 -- Part 4. New directions for rural financial markets -- 18. Overview of new directions for rural financial markets / Dale W Adams, Douglas H. Graham, and J. D. Van Pischke, 229 -- 19. Informal saving and credit arrangements in developing countries: observations from sri Lanka / F1.A. Bouman, 232 -- 20. Savings mobilization: the forgotten half of rural finance / Robert C. Vogel, 248 -- 21. Working capital and nonfarm rural enterprises / Peter Kilby, Carl E. Liedholm, and Richard L. Meyer, 266 -- 22. Improving donor intervention in rural finance, J. D. Van Pischke, 284 -- 23. An agenda for reform of rural financial markets in low-income countries / Douglas H. Graham and Robert E. Firestine, 298 -- About the contributors, 308 -- Index, 312.