Banca de Desarrollo o Servicios Financieros para el Desarrollo
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Date
1992-12
Authors
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Publisher
Ohio State University. Department of Agricultural, Environmental, and Development Economics
Abstract
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.