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An Institutional Model of Development Banking

Konstantinos Loizos ()
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Konstantinos Loizos: Centre of Planning and Economic Research (KEPE)

Chapter Chapter 6 in Between Markets and Governments, 2025, pp 135-167 from Springer

Abstract: Abstract This chapter explores the theoretical foundations of development banking in the evolutionary interrelationship between development finance and financial development. It establishes a definition of development banks as hybrid institutions with features pertaining to both markets and organizations and indicates their dynamic nature. It emphasizes that this dynamic nature is both an advantage of greater adaptability to changing economic and institutional conditions and the source of institutional/political and financial risk due to the possibility of contradicting goals.

Keywords: Macro-micro organizations; Institutional-political risk; Development banking theories; Dynamic hybrid organizations; Historical specificity; Pattern modeling; Storytelling (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-88527-3_6

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DOI: 10.1007/978-3-031-88527-3_6

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