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Estrategia contracíclica de los bancos de desarrollo
[Countercyclical strategy of the development banks]

Author

Listed:
  • Machín, Alejandra

Abstract

The objective of this report is to analyze whether development banks in Germany, Spain and Brazil have made a strategic counter during the current crisis. The development banks (necessarily consistent with public policy) are a tool that can address the countercyclical strategy that could drive growth and development in countries in crisis. As countercyclical strategy of the development banks we understand actions in two ways. At the macroeconomic level the development banks can provide resources to the economy in a context of tight credit from private financial institutions. At the microeconomic level, we analyze whether the development banks have supported specific sectors and actors palliating the disadvantage access of some economic agents and ensuring the financing of productive activities chosen by public policy because of its importance in development.

Suggested Citation

  • Machín, Alejandra, 2012. "Estrategia contracíclica de los bancos de desarrollo
    [Countercyclical strategy of the development banks]
    ," MPRA Paper 42632, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:42632
    as

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    File URL: https://mpra.ub.uni-muenchen.de/42632/1/MPRA_paper_42632.pdf
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    References listed on IDEAS

    as
    1. de Aghion, Beatriz Armendariz, 1999. "Development banking," Journal of Development Economics, Elsevier, vol. 58(1), pages 83-100, February.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    development bank; countercyclical policy;

    JEL classification:

    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G01 - Financial Economics - - General - - - Financial Crises
    • P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism

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