Development banks contribution to long term financing

Abstract

This paper discusses the role of development banks (DBs) in long-term financing for economies, as well as their importance in economic development. The varying theories on the State's intervention in the credit market are analyzed, especially the post-Keynesian approach, which is the basis for the study. Also a general panorama of DBs in the world is presented, highlighting their specific characteristics and the segments to which they most provide support. To illustrate the importance of such institutions, a more detailed analysis focuses on four large national DBs, covering both qualitative and quantitative aspects.