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- W561175732 abstract "Investment banks and development banks are often closely associated in developing countries. Development banks can play an important role in promoting investment banking, especially in countries with weak securities markets. But the two businesses are fundamentally different. Investment banking is primarily concerned with designing and underwriting new securities, and selling them to ultimate investors. It requires an innovative, market-based approach. By contrast, development banking is concerned with making long-term loans; it requires a different mentality, one concerned with analyzing long-term creditworthiness. One is a trading business; the other an asset-accumulation business. Both are important in developing a country's financial markets, but their problems (and opportunities) differ." @default.
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- W561175732 date "1985-08-31" @default.
- W561175732 modified "2023-09-27" @default.
- W561175732 title "Investment banking and development banking" @default.
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