Why does Brazil’s Banking Sector Need Public Banks? What should the BNDES do? Felipe Rezende

The author examines the role played by the BNDES in financing long term development, how to finance it, and the government’s role in the direct provision of financial services.

Brazil_Banking_Sector (Download the full text in PDF format)

(This article was originally published in the PSL Quarterly Review Vol. 68, No 274 [2015].)