A macro-level analysis of the role of development financial institutions in periods of global financial and economic crisis: the case of BNDES in Brazil
| dc.contributor.author | Nkhonjera, Maria | |
| dc.date.accessioned | 2015-01-29T10:43:00Z | |
| dc.date.available | 2015-01-29T10:43:00Z | |
| dc.date.issued | 2015-01-29 | |
| dc.description | Thesis (M.Com. (Development Theory and Policy))--University of the Witwatersrand, Faculty of Commerce, Law and Management, School of Economic and Business Sciences, 2014. | en_ZA |
| dc.description.abstract | Following the Great Recession of 2007/08, development economists began to place emphasis on the role of development banks as vital public financial institutions. With a principal focus on the National Bank of Economic and Social Development in Brazil (BNDES), this research study analyses its role as a counter-cyclical lender within a context of global banking credit crunch. By using South Africa as a counterfactual scenario, the study finds that the responses of the BNDES were key in mitigating the effects of the financial turmoil. Whilst highlighting the relevance and essential function of a credit system that supports the productive realm of the economy, the conclusions of this study provide a valuable lesson to South Africa and other emerging market economies (EMEs) – channelled credit growth can be instrumental in addressing cyclical gaps in capital. | en_ZA |
| dc.identifier.uri | http://hdl.handle.net/10539/16812 | |
| dc.language.iso | en | en_ZA |
| dc.title | A macro-level analysis of the role of development financial institutions in periods of global financial and economic crisis: the case of BNDES in Brazil | en_ZA |
| dc.type | Thesis | en_ZA |