Estrategia contracíclica de los bancos de desarrollo

Countercyclical strategy of the development banks

Alejandra Machín

MPRA Paper from University Library of Munich, Germany

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.

Keywords: development bank; countercyclical policy (search for similar items in EconPapers)
JEL-codes: D02 E61 G01 G21 G38 O16 P16 (search for similar items in EconPapers)
Date: 2012-10-15
New Economics Papers: this item is included in nep-ban
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