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ISJ Theoretical & Applied Science 12(20) 2014

ISPC European Research, Birmingham, United Kingdom

* Scientific Article * Scientific Article * Scientific Article * Scientific Article *

Selyavina EA

WHAT IS A NATIONAL DEVELOPMENT BANK? THEORETICAL FOUNDATION AND TAXONOMY DESIGN.

Impact Factor 1.500

Full Article: PDF

Digital Object Identifier System: http://dx.doi.org/10.15863/TAS.2014.12.20.11

Language: English

Citation: Selyavina EA (2014) WHAT IS A NATIONAL DEVELOPMENT BANK? THEORETICAL FOUNDATION AND TAXONOMY DESIGN. ISJ Theoretical & Applied Science 12 (20): 47-52. doi: http://dx.doi.org/10.15863/TAS.2014.12.20.11

Pages: 47-52

Published: 30.12.2014

Abstract: This article identifies theoretical roots of development bank’s existence. Based on the substantial amount of data observed we suggest an umbrella definition of a development bank. Further, reflecting diagnosed fundamental heterogeneity of national development banks, we suggest relevant taxonomy to avoid potential misleading benchmarks. The paper posits that a development bank is able to be an effective tool of intelligent government intervention aimed at providing economic growth and mitigating market failures.

Key words: development bank, development theory, political theory, development financial institution


 

 

 

 

 

 

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