STATE-OWNED DEVELOPMENT BANKS: A THEORETICAL APPROACH

Detalhes bibliográficos
Autor(a) principal: Araujo, Victor Leonardo de
Data de Publicação: 2018
Tipo de documento: Artigo
Idioma: por
Título da fonte: Análise Econômica (Online)
Texto Completo: https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/53039
Resumo: Unlike the conventional and the market failures’ approach, the Post-Keynesian theory admits the importance of state-owned banks, because of its countercyclical role and its long-term financing role to the investment, the regional development and the innovation. Particularly, the development state-owned bank (BDP) is functional to the consolidation of liabilities’ process, fulfilling the investment-finance-save-funding process in economies based on credit bank. According to this approach, BPD is not a worse solution compared to market mechanisms: it can be the protagonist actor in investment financing. Public politics to make BPD stronger are compatible with this approach, in place those that aim make capital market stronger.
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spelling STATE-OWNED DEVELOPMENT BANKS: A THEORETICAL APPROACHBANCOS PÚBLICOS DE DESENVOLVIMENTO: UMA APROXIMAÇÃO TEÓRICABancos de desenvolvimentoFinanciamento do investimentoTeoria pós-keynesianaE44G21Development banksInvestment financePost-Keynesian theoryE44G21Unlike the conventional and the market failures’ approach, the Post-Keynesian theory admits the importance of state-owned banks, because of its countercyclical role and its long-term financing role to the investment, the regional development and the innovation. Particularly, the development state-owned bank (BDP) is functional to the consolidation of liabilities’ process, fulfilling the investment-finance-save-funding process in economies based on credit bank. According to this approach, BPD is not a worse solution compared to market mechanisms: it can be the protagonist actor in investment financing. Public politics to make BPD stronger are compatible with this approach, in place those that aim make capital market stronger.Diferente do que supõem as abordagens convencional e das falhas de mercado, a abordagem pós-keynesiana percebe a importância da atuação de bancos públicos, quer pelo seu papel anticíclico, quer pelo seu papel no financiamento de longo prazo para o investimento, para o desenvolvimento regional e para a inovação. Particularmente, o banco público de desenvolvimento (BPD), além de cumprir essas funções, ainda é funcional ao necessário processo de consolidação dos passivos, completando o circuito investimento-financiamento-poupança-funding nas economias baseadas no crédito. Nesta abordagem, o BPD não constitui uma solução inferior aos mecanismos de mercado, podendo, inclusive, exercer papel protagonista no financiamento do investimento. As agendas de fortalecimento dos BPD são compatíveis com esta abordagem, em lugar das agendas de fortalecimento dos mercados de capitais.UFRGS2018-07-10info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/5303910.22456/2176-5456.53039Análise Econômica; Vol. 36 No. 70 (2018): junho de 2018Análise Econômica; v. 36 n. 70 (2018): junho de 20182176-54560102-9924reponame:Análise Econômica (Online)instname:Universidade Federal do Rio Grande do Sul (UFRGS)instacron:UFRGSporhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/53039/48802Copyright (c) 2019 Análise Econômicainfo:eu-repo/semantics/openAccessAraujo, Victor Leonardo de2018-07-11T22:56:25Zoai:seer.ufrgs.br:article/53039Revistahttps://seer.ufrgs.br/index.php/AnaliseEconomicaPUBhttps://seer.ufrgs.br/index.php/AnaliseEconomica/oai||rae@ufrgs.br2176-54560102-9924opendoar:2018-07-11T22:56:25Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS)false
dc.title.none.fl_str_mv STATE-OWNED DEVELOPMENT BANKS: A THEORETICAL APPROACH
BANCOS PÚBLICOS DE DESENVOLVIMENTO: UMA APROXIMAÇÃO TEÓRICA
title STATE-OWNED DEVELOPMENT BANKS: A THEORETICAL APPROACH
spellingShingle STATE-OWNED DEVELOPMENT BANKS: A THEORETICAL APPROACH
Araujo, Victor Leonardo de
Bancos de desenvolvimento
Financiamento do investimento
Teoria pós-keynesiana
E44
G21
Development banks
Investment finance
Post-Keynesian theory
E44
G21
title_short STATE-OWNED DEVELOPMENT BANKS: A THEORETICAL APPROACH
title_full STATE-OWNED DEVELOPMENT BANKS: A THEORETICAL APPROACH
title_fullStr STATE-OWNED DEVELOPMENT BANKS: A THEORETICAL APPROACH
title_full_unstemmed STATE-OWNED DEVELOPMENT BANKS: A THEORETICAL APPROACH
title_sort STATE-OWNED DEVELOPMENT BANKS: A THEORETICAL APPROACH
author Araujo, Victor Leonardo de
author_facet Araujo, Victor Leonardo de
author_role author
dc.contributor.author.fl_str_mv Araujo, Victor Leonardo de
dc.subject.por.fl_str_mv Bancos de desenvolvimento
Financiamento do investimento
Teoria pós-keynesiana
E44
G21
Development banks
Investment finance
Post-Keynesian theory
E44
G21
topic Bancos de desenvolvimento
Financiamento do investimento
Teoria pós-keynesiana
E44
G21
Development banks
Investment finance
Post-Keynesian theory
E44
G21
description Unlike the conventional and the market failures’ approach, the Post-Keynesian theory admits the importance of state-owned banks, because of its countercyclical role and its long-term financing role to the investment, the regional development and the innovation. Particularly, the development state-owned bank (BDP) is functional to the consolidation of liabilities’ process, fulfilling the investment-finance-save-funding process in economies based on credit bank. According to this approach, BPD is not a worse solution compared to market mechanisms: it can be the protagonist actor in investment financing. Public politics to make BPD stronger are compatible with this approach, in place those that aim make capital market stronger.
publishDate 2018
dc.date.none.fl_str_mv 2018-07-10
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/53039
10.22456/2176-5456.53039
url https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/53039
identifier_str_mv 10.22456/2176-5456.53039
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/53039/48802
dc.rights.driver.fl_str_mv Copyright (c) 2019 Análise Econômica
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2019 Análise Econômica
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv UFRGS
publisher.none.fl_str_mv UFRGS
dc.source.none.fl_str_mv Análise Econômica; Vol. 36 No. 70 (2018): junho de 2018
Análise Econômica; v. 36 n. 70 (2018): junho de 2018
2176-5456
0102-9924
reponame:Análise Econômica (Online)
instname:Universidade Federal do Rio Grande do Sul (UFRGS)
instacron:UFRGS
instname_str Universidade Federal do Rio Grande do Sul (UFRGS)
instacron_str UFRGS
institution UFRGS
reponame_str Análise Econômica (Online)
collection Análise Econômica (Online)
repository.name.fl_str_mv Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS)
repository.mail.fl_str_mv ||rae@ufrgs.br
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