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- W2544100735 abstract "The establishment of development banks in a number of LDCs and the influence of financial innovations on the role of development banks are examined. Central Banks play a critical role in initiating the process of capital market integration. The financial structure cannot function as a system without the Central Bank's leadership and coordination. However, in many LDCs the Central Bank emphasizes only its regulatory function. A Central Bank must promote a sound integrated financial system if it is to perform effectively in its role as regulator. It is the Central Bank that must take the lead in evolving the credit institutions, instruments, and yield structures that are essential for efficient mobilization of savings, allocation, and use of resources for basic development objectives. This development function cannot be performed effectively unless the Central Bank is able to maintain close, continuous, and active contact with the credit system." @default.
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- W2544100735 date "1979-06-30" @default.
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- W2544100735 title "Development banks in the financial system" @default.
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