The State, the markets and development financing

Studart, Rogério

2014-01-02T18:43:54Z

LC/G.2266-P

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Includes bibliography

This article examines the role of the State, institutions and financial markets in the financing of economic development, and in particular the role of development banks. It touches on the limitations of today's conventional approach to development financing problems. It stresses information asymmetries as a cause of credit rationing and the poor distribution of savings. It also offers an analysis of the role of the State and markets in development financing, together with a policy agenda suggested by the different approach set forth here. It concludes with some considerations concerning problems and challenges now facing development financing in Latin America. /

MERCADOS DE CAPITAL; POLITICA DE DESARROLLO; CAPITAL MARKETS; DEVELOPMENT BANKS; DEVELOPMENT CREDITS; DEVELOPMENT FINANCE; DEVELOPMENT POLICY; ECONOMIC DEVELOPMENT; DESARROLLO ECONOMICO; FINANCIACION DEL DESARROLLO; CREDITOS PARA EL DESARROLLO; BANCOS DE DESARROLLO;