Banca de Desarrollo o Servicios Financieros para el Desarrollo
Creators:González Vega, Claudio
MetadataShow full item record
Publisher:Ohio State University. Department of Agricultural, Environmental, and Development Economics
Series/Report no.:Ohio State University. Department of Agricultural Economics and Rural Sociology. ESO (Economics and Sociology Occasional Paper). No. 2010
This paper examines dimensions of financial reform in Costa Rica. It places the role of financial reform within wider structural adjustment efforts. It examines financial reform in light of the contributions of finance to market integration. It discusses the shortcomings of earlier interventionist and protectionist efforts. It finds the arguments for subsidized and supervised credit invalid. It traces the breakdown of development banks and the reasons for their failure. It explores the main obstacles to the provision of financial services to marginal clientele. It claims that Costa Rica does not need a development bank but rather a hospitable regulatory framework for the development of all types of intermediaries.
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