Development Banks : Role and Mechanisms to Increase their Efficiency

Past performance of development banks, has generally been considered poor and the value of state ownership questioned. There are few institutions that achieve the optimum balance of effectively addressing a policy objective while being financially...

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Bibliographic Details
Main Authors:	Gutierrez, Eva, Rudolph, Heinz P., Homa, Theodore, Blanco Beneit, Enrique
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	ACCESS TO BANK ACCESS TO FINANCING ACCOUNTABILITY ACCOUNTING ADMINISTRATIVE COSTS ASSET-BACKED SECURITIES ASYMMETRIC INFORMATION AUDIT COMMITTEE AUDITING AUDITORS BALANCE SHEET BALANCE SHEET ANALYSIS BALANCE SHEETS BANK CREDIT BANK OF CANADA BANK REGULATION BANKING CORPORATION BANKING MODELS BANKING SECTOR BANKING SERVICES BANKING SYSTEM BIDS BORROWER BUDGET CONSTRAINTS BUSINESS DEVELOPMENT BUSINESS DEVELOPMENT BANK CAPITAL MARKETS CAPITALIZATION CASH FLOWS CENTRAL BANKS CIVIL CODE COMMERCIAL BANK COMMERCIAL BANKING COMMERCIAL BANKS COMPANY LAW CONFLICT OF INTERESTS CONFLICTS OF INTEREST CONTRACT ENFORCEMENT COORDINATION FAILURE COORDINATION FAILURES CORPORATE BANKING CORPORATE GOVERNANCE CREDIT AGENCIES CREDIT APPRAISAL CREDIT CARD CREDIT COOPERATIVES CREDIT DECISIONS CREDIT GROWTH CREDIT GUARANTEE CREDIT GUARANTEES CREDIT HISTORY CREDIT INSTITUTION CREDIT LINES CREDIT MARKET CREDIT PROVISION CREDIT RISK CREDIT SCORING DEBT DEPOSITS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT BANK DEVELOPMENT BANKING DEVELOPMENT BANKS DEVELOPMENT FINANCE DOMESTIC CREDIT ECONOMIC ACTIVITIES ECONOMIC DEVELOPMENT EMPLOYMENT ENTREPRENEURSHIP EQUIPMENT EQUITY FUND EXPORTER EXPORTERS EXTERNALITIES FACTORING FEDERAL RESERVE FINANCIAL CONGLOMERATES FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL DISTRESS FINANCIAL INFRASTRUCTURES FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL RISK FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCIAL SUSTAINABILITY FINANCIAL SYSTEM FISCAL POLICIES FLEXIBLE REPAYMENT FOREIGN BANK FOREIGN BANKS GLOBAL CAPITAL GLOBAL CAPITAL MARKETS GLOBALIZATION GOVERNANCE STANDARDS GOVERNMENT BUDGET GOVERNMENT GUARANTEES GOVERNMENT OWNERSHIP GOVERNMENT POLICIES GOVERNMENT POLICY GOVERNMENT SUBSIDIES GUARANTEE FUND HOLDING HOME MORTGAGE HOUSING IMPLICIT GOVERNMENT GUARANTEES INFLATION INFORMATION ASYMMETRIES INFRASTRUCTURE FINANCE INSTITUTIONAL CAPACITY INSTITUTIONAL DEVELOPMENT INSTRUMENT INTANGIBLE INTANGIBLE ASSETS INTEREST RATE INTEREST RATES INTERNAL AUDIT INTERNATIONAL BANK INTERNATIONAL MARKET INTERNATIONAL STANDARDS INTERNATIONAL TRADE INVESTING INVESTMENT OPPORTUNITIES JUDICIAL SYSTEMS LEGAL CONSTRAINTS LEGAL SYSTEMS LENDER LENDER OF LAST RESORT LENDERS LENDING INSTITUTIONS LEVEL OF RISK LEVEL PLAYING FIELD LEVY LIMITED BORROWING CAPACITY LIQUIDATIONS LIQUIDITY LOAN LOAN PORTFOLIO LOAN RATES LOANS TO CUSTOMERS LOCAL GOVERNMENTS LONG-TERM CAPITAL LONG-TERM COST MANDATES MARKET CONDITIONS MARKET DISTORTIONS MARKET FAILURE MARKET FAILURES MARKET SHARE MATURITIES MICRO ENTERPRISE MICRO-FINANCE MICROFINANCE MICROFINANCE INSTITUTIONS MINORITY SHAREHOLDERS MONETARY POLICY NATIONAL TREASURY OPEN MARKET OPPORTUNITY COST PARTIAL CREDIT PLEDGE COLLATERAL POLICY CREDIBILITY POLITICAL RISKS PORTFOLIO PRICE RISK PRICE RISKS PRIVATE BANKS PRIVATE CAPITAL PRIVATE COMMERCIAL BANKS PRIVATE CREDITORS PRIVATE EQUITY PRIVATE FINANCIAL INSTITUTIONS PRIVATE FINANCIAL SECTOR PRIVATE LENDING PRIVATIZATION PROFITABILITY PROVISION OF CREDIT PUBLIC BANK PUBLIC BANKS PUBLIC OFFERINGS RATE OF RETURN REGULATORY FRAMEWORK REPAYMENT RESOURCE ALLOCATION RETURN ON EQUITY RETURNS RISK AVERSION RISK FRONTIER RISK MANAGEMENT RISK MANAGEMENT SYSTEMS SAVINGS SECURITIES SECURITIES ISSUANCE SHAREHOLDER SHAREHOLDERS STATE INTERVENTION STOCK EXCHANGE STUDENT LOANS SUBSIDIARIES SUPERVISORY AGENCY SUPERVISORY AUTHORITIES SUPERVISORY BOARD SYSTEMIC RISK TECHNICAL ASSISTANCE TRADE FINANCING TRANSACTION TRANSACTION COSTS TRANSPARENCY TRUST FUND
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110720101855 http://hdl.handle.net/10986/3493

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Summary:	Past performance of development banks, has generally been considered poor and the value of state ownership questioned. There are few institutions that achieve the optimum balance of effectively addressing a policy objective while being financially sustainable. Following the financial crisis, there is a renewed interest in the role development banks can play in weathering the crisis. The purpose of this paper is to highlight the lessons learned following the financial crisis and to present some of the best practices in development banking so that policy makers can be better informed should they be considering how to build strong state financial institutions to address current and future needs in their respective countries.

Development Banks : Role and Mechanisms to Increase their Efficiency

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