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Title: The public development financial institutions and the long-term financing
Authors: Além, Ana Cláudia
Madeira, Rodrigo Ferreira
Keywords: Bancos de desenvolvimento
Development banks
Financiamento governamental
Financing, Government
Desenvolvimento econômico - Aspectos sociais
Economic development - Social aspects
Instituições financeiras governamentais
Government financial institutions
Issue Date: Jun-2015
Publisher: Banco Nacional de Desenvolvimento Econômico e Social
Abstract: This article aims to discuss the role of public development financial institutions (DFI) on the long-term financing of economy and, consequently, on economic development, as well as to expand the research presented in Ferraz, Além and Madeira (2013). The general outlook of the DFIs in the world is presented, highlighting their historical performance. Besides, in order to illustrate the importance of these institutions, this article contains a more detailed analysis of a sample of eight national DFIs, addressing qualitative and quantitative aspects. The present study extends the concept of development institutions, which allows addressing relevant institutions of some developed countries. In addition, the national system of development financial institutions in the sample countries were also described. This paper concludes that the existence of large DFIs, diversified and with economic relevance, is important to the development trajectory of the nations.
Other Identifiers: ALÉM, Ana Cláudia Duarte de; MADEIRA, Rodrigo Ferreira. The public development financial institutions and the long-term financing. Rio de Janeiro: Banco Nacional de Desenvolvimento Econômico e Social, jun. 2015.
Appears in Collections:Produção BNDES - Artigos

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