STATE-OWNED DEVELOPMENT BANKS: A THEORETICAL APPROACH

Authors

  • Victor Leonardo de Araujo Faculdade de Economia (UFF)

    DOI:

    https://doi.org/10.22456/2176-5456.53039

    Keywords:

    Development banks, Investment finance, Post-Keynesian theory

    Abstract

    Unlike the conventional and the market failures’ approach, the Post-Keynesian theory admits the importance of state-owned banks, because of its countercyclical role and its long-term financing role to the investment, the regional development and the innovation. Particularly, the development state-owned bank (BDP) is functional to the consolidation of liabilities’ process, fulfilling the investment-finance-save-funding process in economies based on credit bank. According to this approach, BPD is not a worse solution compared to market mechanisms: it can be the protagonist actor in investment financing. Public politics to make BPD stronger are compatible with this approach, in place those that aim make capital market stronger.

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    Author Biography

    Victor Leonardo de Araujo, Faculdade de Economia (UFF)

    Professor Adjunto da Faculdade de Economia da UFF.

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    Published

    2018-07-10

    How to Cite

    Araujo, V. L. de. (2018). STATE-OWNED DEVELOPMENT BANKS: A THEORETICAL APPROACH. Análise Econômica, 36(70). https://doi.org/10.22456/2176-5456.53039

    Issue

    Vol. 36 No. 70 (2018): junho de 2018

    Section

    Artigos

    License

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