Улогата на националните развојни банки во банкарскиот систем – осврт на Развојна банка на Северна Македонија АД Скопје

Kovachev, Goran (2024): Улогата на националните развојни банки во банкарскиот систем – осврт на Развојна банка на Северна Македонија АД Скопје. Published in: Macedonian Banking Association E-Bulletin No. 15 (October 2024): pp. 14-15.

Abstract

Unlike classic private commercial banks whose beginnings are in the late 15th century, the public development banks are a relatively new phenomenon. Namely, after the WW2 when large investments in infrastructure were needed, and especially in the 1960s, when the neo-Keynesianism took the scene, advocating direct state intervention in priority economic sectors, the public development banks as counter-cyclical financial institutions were largely introduced. The Development Bank of North Macedonia is a first and only state-owned development bank in the country, established in 1998 by a special Law. The Bank's role is to promote the development of Macedonian economy in accordance to North Macedonia's strategic economic priorities and objectives.

• Item Type: MPRA Paper
• English Title: The Role of National Development Banks in Banking Systems - The Case of Development Bank of North Macedonia
• Language: Macedonian
• Keywords: national development banks; Development Bank of North Macedonia; economic development; green finance
• Subjects: G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages

References

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Inter-American Development Bank (2013) – Public Development Banks-Toward a New Paradigm.