Title Understanding the Use of Long-term Finance in Developing Economies.

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Description	1 online resource (29 pages).
	data file
Series	IMF Working Papers
	IMF Working Papers.
Summary	This short paper reviews recent literature on the use of long-term finance in developing economies (relative to advanced ones) to identify where long-term financing occurs, and what role different financial intermediaries and markets play in extending this type of financing. Although banks are the most important providers of credit, they do not seem to offer long-term financing. Capital markets have grown since the 1990s and can provide financing at fairly long terms. But few firms use these markets. Only some institutional investors provide funding at long-term maturities. Governments might help to expand long-term financing, although with limited policy tools.
Local Note	eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America
Subject	Economic development.
	Economic development.
Genre/Form	Electronic books.
Added Author	Schmukler, Sergio L.
Other Form:	Print version: Martinez Peria, Maria Soledad. Understanding the Use of Long-term Finance in Developing Economies. Washington, D.C. : International Monetary Fund, ©2017 9781475595758
ISBN	9781475596441 (electronic book)
	1475596448 (electronic book)
	1475595751
	9781475595758
ISSN	1018-5941
Standard No.	10.5089/9781475595758.001