01780cas a2200253 a 4500 AALejournalIMF017596 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475595758 1018-5941 BD-DhAAL BD-DhAAL Martinez Peria, Maria. Understanding the Use of Long-term Finance in Developing Economies / Maria Martinez Peria, Sergio Schmukler. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (28 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet Schmukler, Sergio. IMF Working Papers; Working Paper ; No. 2017/096 Full text available on IMF http://elibrary.imf.org/view/journals/001/2017/096/001.2017.issue-096-en.xml IMF e-Library