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Paper Details

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

Elizaveta A. Selyavina

Journal Title:Theoretical & Applied Science
Abstract


This article identifies theoretical roots of development banks 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.

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