Understanding the Use of Long-term Finance in Developing Economies /

This short paper reviews recent literature on the use of long-term finance in developing economies (relative to advanced ones) to identify where long-term financing occurs, and what role different financial intermediaries and markets play in extending this type of financing. Although banks are the m...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: Martinez Peria, Maria
Muut tekijät: Schmukler, Sergio
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 2017.
Sarja:IMF Working Papers; Working Paper ; No. 2017/096
Linkit:Full text available on IMF
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100 1 |a Martinez Peria, Maria. 
245 1 0 |a Understanding the Use of Long-term Finance in Developing Economies /  |c Maria Martinez Peria, Sergio Schmukler. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2017. 
300 |a 1 online resource (28 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This short paper reviews recent literature on the use of long-term finance in developing economies (relative to advanced ones) to identify where long-term financing occurs, and what role different financial intermediaries and markets play in extending this type of financing. Although banks are the most important providers of credit, they do not seem to offer long-term financing. Capital markets have grown since the 1990s and can provide financing at fairly long terms. But few firms use these markets. Only some institutional investors provide funding at long-term maturities. Governments might help to expand long-term financing, although with limited policy tools. 
538 |a Mode of access: Internet 
700 1 |a Schmukler, Sergio. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2017/096 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2017/096/001.2017.issue-096-en.xml  |z IMF e-Library