Mar 2012
Author(s): Eslava, Marcela; Maffioli, Alessandro; Meléndez Arjona, Marcela
Government-owned development banks have often been justified by the need to respond to financial market imperfections that hinder the establishment and growth of promising businesses, and as a result…
Jan 2012
Author(s): Eslava, Marcela; Maffioli, Alessandro; Meléndez Arjona, Marcela
Despite the large potential gains from credit by second-tier development banks, little is known about the actual impact of these banks' lending activity. This study partially fills that gap by…