CEU Electronic Theses and Dissertations, 2013
| Author | Bakaykina, Anna |
|---|---|
| Title | DO EXISTING DEVELOPMENT BANKS HELP OR HINDER ATTRACTING MORE DEVELOPMENT FUNDS TO THE RUSSIAN SME SECTOR? |
| Summary | This study addresses two questions: the first is whether the activity of development banks has positive real effect on the attraction of more funds into the Russian SME sector, and the second is whether the interaction of them can have any distortive role. My analysis shows that the activity of development banks in whole has positive effect on the SME financing, which perfectly coincides with their mandate. However, their real impact raises some doubts. As for the analysis of interactions, I find that the activity of some of development banks actually triggers “crowding out” effect, which is an evidence of their negative role. While the latter cannot be addressed by any viable policy recommendation, the former activity can be significantly improved in several ways, which were also mentioned in this study. |
| Supervisor | Peter Kondor |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2013/bakaykina_anna.pdf |
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