The Italian Development Bank: A Dynamic View of CDP’s Public Mission
Anita Quas,
Daniela Vandone
Abstract:The traditional public purpose of development banks is to promote economic development by mitigating market failures in the provision of finance to public and private initiatives. However, the dynamic theory of public banks suggests that development banks functions and actions are not predetermined, but rather depend on the dynamic economic, social and political context in which they are embedded. In this paper we focus on the case of Cassa Depositi e Prestiti (CDP), and analyse how its mission expanded since … Show more
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