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Banca de desarrollo, un estudio de caso : BNDES, diseño institucional y rol contraciclico 2007 - 2009
Golonbek, Claudio; Urturi, María Andrea - 2010
Persistent link: https://www.econbiz.de/10008669336
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O BNDES em um Brasil en transição
Além, Ana Cláudia Duarte de (contributor);  … - 2010
Persistent link: https://www.econbiz.de/10010219197
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BNDES : um banco de idéias ; 50 anos refletindo o Brasil
Monteiro Filha, Dulce Corrêa (contributor);  … - 2002 - 1. ed
Persistent link: https://www.econbiz.de/10002913457
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Credit availability in the crisis : which role for the European Investment Bank Group?
Fedele, Alessandro; Mantovani, Andrea; Liucci, Francesco - 2010
In this paper we consider a moral hazard problem between a creditworthy firm which needs funding and a bank. We first study under which conditions the firm does not obtain the loan. We then determine whether and how the intervention of an external financial institution can facilitate the access...
Persistent link: https://www.econbiz.de/10011739813
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Short-Run Pain, Long-Run Gain; The Effects of Financial Liberalization
Schmukler, Sergio L.; Kaminsky, Graciela Laura - International Monetary Fund (IMF) - 2003
We examine the short- and long-run effects of financial liberalization on capital markets. To do so, we construct a new comprehensive chronology of financial liberalization in 28 mature and emerging market economies since 1973. We also construct an algorithm to identify booms and busts in stock...
Persistent link: https://www.econbiz.de/10005826221
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The Crisis; Basic Mechanisms and Appropriate Policies
Blanchard, Olivier J. - International Monetary Fund (IMF) - 2009
The purpose of this lecture is to look beyond the complex events that characterize the global financial and economic crisis, identify the basic mechanisms, and infer the policies needed to resolve the current crisis, as well as the policies needed to reduce the probability of similar events in...
Persistent link: https://www.econbiz.de/10004999966
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Beyond Aid; How Much Should African Countries Pay to Borrow?
Gueye, Cheikh A.; Sy, Amadou N. R. - International Monetary Fund (IMF) - 2010
Post debt relief, the number of African countries considering accessing international capital markets, often to fund large infrastructure projects, is increasing. Potential risks of capital inflows are well known but the literature offers little help to estimate the cost of borrowing...
Persistent link: https://www.econbiz.de/10008560452
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Finance and inequality : the distributional impacts of bank credit rationing
Choudhary, M. Ali; Jain, Anil - 2017
We analyze reductions in bank credit using a natural experiment where unprecedented flooding differentially affected banks that were more exposed to flooded regions in Pakistan. Using a unique dataset that covers the universe of consumer loans in Pakistan and this exogenous shock to bank...
Persistent link: https://www.econbiz.de/10011779563
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Credit reversals
Vázquez, Francisco - 2021
This paper studies episodes in which aggregate bank credit contracts alongside expanding economic activity-credit reversals. Using data for 179 countries during 1960-2017, the paper finds that reversals are a relatively common phenomenon--on average, they occur every five years. By comparison,...
Persistent link: https://www.econbiz.de/10012604801
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Raising Investment in Brazil
Arnold, Jens - Economics Department, Organisation de Coopération et … - 2011
to pin down, and thin long term credit markets, which are dominated by the national development bank BNDES. Going forward …. This will require leveling the playing field, which can only be achieved by removing BNDES’ exclusive access to low … terme, dans lesquels la banque nationale de développement, la BNDES, joue un rôle dominant. Dans l’avenir, il faudra inciter …
Persistent link: https://www.econbiz.de/10009350673