Matos, Paulo Rogério Faustino; de Jesus Filho, Jaime - In: Journal of Financial Economic Policy 11 (2019) 2, pp. 283-302
Purpose: This paper aims to address the discussion on the credit disbursement of US$28.6bn from Brazilian National Economic and Social Development Bank (BNDES) to Brazilian state governments during the period from 2009 to 2014. They try to identify the main drivers of the credit allocation in...
