The establishment of development banks in a number of LDCs and the influence of financial innovations on the role of development banks are examined. Central Banks play a critical role in initiating the process of capital market integration. The financial structure cannot function as a system without the Central Bank's leadership and coordination. However, in many LDCs the Central Bank emphasizes only its regulatory function. A Central Bank must promote...
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INFORMATION
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1979/06/30
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Document de travail (série numérotée)
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SDF56
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1
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1
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2017/03/10
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Disclosed
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Development banks in the financial system
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transaction cost
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