Alternative Financial Regimes and Development Banks in Greece 1963-2002: What Have We Learned?

Konstantinos Loizos

Economic Alternatives, 2017, issue 1, 34-50

Abstract: The recent global financial crisis spurred a renewed interest in development banking because of the countercyclical role many of these banks assumed during the crisis. However, there is no agreement in the literature concerning the nature and efficiency of development banks. This paper focuses on their role as agents of institutional change and the concomitant need for their internal transformation as institutional development goes on. The question posed is how development banks� internal transformation from the traditional development banking model to a modern investment banking model is affected by the political decision on the prevailing financial regime. The paper addresses this question by examining the relationship between development banks and alternative financial regimes in Greece during the period 1963-2002. Useful insights concerning the role of government policy in development banking are drawn.

Keywords: Development Banks; Financial Regimes; Institutional Change; Greek Economy (search for similar items in EconPapers)
JEL-codes: B52 G21 N24 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.unwe.bg/uploads/Alternatives/Loizos_ea_en_br_1_2017-2.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nwe:eajour:y:2017:i:1:p:34-50

Access Statistics for this article

More articles in Economic Alternatives from University of National and World Economy, Sofia, Bulgaria Contact information at EDIRC.
Bibliographic data for series maintained by Vanya Lazarova ().