BANCOS PÚBLICOS DE DESENVOLVIMENTO: UMA APROXIMAÇÃO TEÓRICA

Unlike the conventional and the market failures’ approach, the Post-Keynesian theory admits the importance of state-owned banks, because of its countercyclical role and its long-term financing role to the investment, the regional development and the innovation. Particularly, the development state-owned bank (BDP) is functional to the consolidation of liabilities’ process, fulfilling the investment-finance-save-funding process in economies based on credit bank. According to this approach, BPD is not a worse solution compared to market mechanisms: it can be the protagonist actor in investment financing. Public politics to make BPD stronger are compatible with this approach, in place those that aim make capital market stronger.