New directions for development banking in the Caribbean: financing to take advantage of unlimited supplies of labour skills and entrepreneurship

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cepal.bibLevelDocumento Completo
cepal.callNumberINT UN/FI 30(196/2007)
cepal.callNumberLC/L.2735-P
cepal.divisionEngEconomic Development Division
cepal.divisionSpaDivisión de Desarrollo Económico
cepal.docTypeSeries
cepal.idSade28066
cepal.jobNumberS0700304 E
cepal.physicalDescriptiontablas
cepal.projectProyecto Strengthening the Role of Regional and National Financial Institutions for Sustainable Social Development GER/03/002
cepal.regionalOfficeSantiago
cepal.saleNumber07.II.G.73
cepal.topicEngFINANCIAL AND MONETARY SECTOR
cepal.topicSpaSECTOR FINANCIERO Y MONETARIO
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaEngSTATISTICS
cepal.workareaSpaDESARROLLO ECONÓMICO
cepal.workareaSpaESTADÍSTICAS
dc.contributor.authorJames, Vanus
dc.contributor.entityGerman Agency for Technical Cooperation
dc.contributor.entityNU. CEPAL
dc.contributor.entityNU. CEPAL. División de Desarrollo Económico
dc.coverage.spatialEngCARIBBEAN REGION
dc.coverage.spatialSpaCARIBE
dc.date.accessioned2014-01-02T15:43:45Z
dc.date.available2014-01-02T15:43:45Z
dc.date.issued2007-05
dc.descriptionIncludes bibliography
dc.description.abstractAbstract In the early 1980s, within the wider structural adjustment and liberalisation framework, financial sector reform were initiated to allow greater facility of market forces in the pricing and allocation of financial resources. The sector has been increasingly liberalised since then with subsequent on-going reform addressing the legislative and regulatory frameworks. The on-going reforms have sought to improve resource flows for productive investment. Nevertheless, there are persistent fractures and imperfections in the credit market. Development banking seeks to define and resolve the imperfections in credit markets and to address concerns regarding social equity by targeting loan and other support resources to priority sectors that seek to use underemployed resources for capital accumulation and growth. This document is concerned with how development banks might be reformed to be part of the wider agenda of development of the financial sector. The paper argues that the key reforms needed must emerge from the introduction of derivative instruments into the financial markets that define, price and market, and hence spread, the significant credit risk attached primarily to provision of credit as either working capital or finance for fixed capacity building to create capital or to absorb it into production of consumer goods and services. Reforms of development banking are proposed that focus on their role as counterparty in derivative contracts, with emphasis on the introduction of a variety of securitization devices involving redeployment of the public sector resources to which they have access.
dc.formatTexto
dc.format.extent80 páginas.
dc.format.mimetypeapplication/pdf
dc.identifier.isbn9789211216455
dc.identifier.unSymbolLC/L.2735-P
dc.identifier.urihttps://hdl.handle.net/11362/5172
dc.language.isoeng
dc.physicalDescription80 p. : tabls.
dc.publisherECLAC
dc.publisher.placeSantiago
dc.relation.isPartOfSeriesSerie Financiamiento del Desarrollo
dc.relation.isPartOfSeriesNo196
dc.rights.coarDisponible
dc.subject.unbisEngADMINISTRATIVE REFORM
dc.subject.unbisEngBANK SUPERVISION
dc.subject.unbisEngBANKING STATISTICS
dc.subject.unbisEngBANKING
dc.subject.unbisEngDEVELOPMENT BANKS
dc.subject.unbisEngDEVELOPMENT FINANCE
dc.subject.unbisEngECONOMIC DEVELOPMENT
dc.subject.unbisEngECONOMIC REFORM
dc.subject.unbisEngEVALUATION
dc.subject.unbisEngFINANCIAL SERVICES
dc.subject.unbisEngMONETARY SYSTEMS
dc.subject.unbisEngFINANCIAL RESOURCES
dc.subject.unbisSpaBANCOS DE DESARROLLO
dc.subject.unbisSpaCONTROL BANCARIO
dc.subject.unbisSpaDESARROLLO ECONOMICO
dc.subject.unbisSpaESTADISTICAS BANCARIAS
dc.subject.unbisSpaEVALUACION
dc.subject.unbisSpaFINANCIACION DEL DESARROLLO
dc.subject.unbisSpaOPERACIONES BANCARIAS
dc.subject.unbisSpaREFORMA ADMINISTRATIVA
dc.subject.unbisSpaREFORMA ECONOMICA
dc.subject.unbisSpaSERVICIOS FINANCIEROS
dc.subject.unbisSpaSISTEMAS MONETARIOS
dc.subject.unbisSpaRECURSOS FINANCIEROS
dc.titleNew directions for development banking in the Caribbean: financing to take advantage of unlimited supplies of labour skills and entrepreneurship
dc.type.coarlibro
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