Details

Autor(en) / Beteiligte

• João Carlos Ferraz
• Akbar Noman
• Joseph E. Stiglitz

Titel

Uncertainty, Investment, and Financing: THE STRATEGIC ROLE OF NATIONAL DEVELOPMENT BANKS

Ist Teil von

• Efficiency, Finance, and Varieties of Industrial Policy, 2016, p.105

Ort / Verlag

Columbia University Press

Erscheinungsjahr

2016

Quelle

Alma/SFX Local Collection

Beschreibungen/Notizen

• National development banks (DBs) are often considered “exotic” institutions, typical of developing countries and of incomplete financial markets. Even though their contribution to economic development worldwide has been relevant, especially after World War II, two recent economic phenomena are helping to undermine usually ideologically biased evaluations and to illuminate their strategic role in different economies. The first phenomenon is the recent financial crisis. In times of serious financial crisis, the importance of national states and public policies is unquestionable. As the experiences of different countries and regions have demonstrated, financial situations of extreme gravity demand immediate and effective actions which,