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Development banks – promoters of economic development?

Author

Listed:
  • Dan Costin NIŢESCU

    (Bucharest University of Economic Studies, Romania)

  • Valentin MURGU

    (Bucharest University of Economic Studies, Romania)

Abstract

The article addresses the issue of development (promotional) banks, discussing the role these institutions have in the economy. At the beginning of the work, it integrates the aspects analysed in the context of the latest crises, which determined the modification of the financialbanking governance at the European and international level. Relevant papers and studies are cited to reflect the activity and different perspectives on development banks. The specific conceptual approaches of development banks, sources of funds attracted and used, business models, instruments and products, the structure of mandates taken over by these institutions are reflected in the second part of the article. In the third part, contributions of development banks are highlighted, as well as, the component elements of an added value matrix, which can be built and developed, to make aware and reflect the strategic component of this typology of financial institutions. The article ends with a section that includes the authors' conclusions.

Suggested Citation

  • Dan Costin NIŢESCU & Valentin MURGU, 2022. "Development banks – promoters of economic development?," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(4(633), W), pages 5-20, Winter.
    • Handle: RePEc:agr:journl:v:4(633):y:2022:i:4(633):p:5-20
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    References listed on IDEAS

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    1. Eduardo Fernández-Arias & Ricardo Hausmann & Ugo Panizza, 2020. "Smart Development Banks," Journal of Industry, Competition and Trade, Springer, vol. 20(2), pages 395-420, June.
    2. Mariana Mazzucato & Caetano C.R. Penna, 2016. "Beyond market failures: the market creating and shaping roles of state investment banks," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 19(4), pages 305-326, October.
    3. Morris, Stephen & Shin, Hyun Song, 2006. "Catalytic finance: When does it work?," Journal of International Economics, Elsevier, vol. 70(1), pages 161-177, September.
    4. Régis MARODON, 2020. "Can development banks step up to the challenge of sustainable development?," Working Paper 8eb18544-95bf-404e-bbfe-e, Agence française de développement.
    5. Bisogno, Marcelo & Fleiss, Pablo & Artecona, Raquel, 2019. "Financing development in Latin America and the Caribbean: The role and perspectives of multilateral development banks," Studies and Perspectives – ECLAC Office in Washington 44608, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    6. Scott, David H., 2007. "Strengthening the governance and performance of state-owned financial institutions," Policy Research Working Paper Series 4321, The World Bank.
    7. de Luna-Martinez, Jose & Vicente, Carlos Leonardo, 2012. "Global survey of development banks," Policy Research Working Paper Series 5969, The World Bank.
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