Why does Brazil’s banking sector need public banks? What should BNDES do?
One of the essential functions of the financial system is to provide the long-term funding needed for long-lived and expensive capital assets. However, one of the main difficulties of the current private financial system is its failure to provide such long-term financing. The paper specifically cons...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2015-09-01
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| Series: | PSL Quarterly Review |
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| Online Access: | http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/13171/12984 |