ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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DFIs in an Era of Developing Capital Markets

Development financial institutions (DFIs) were set up because banks were unable to meet the requirements of industry for long-term finance. Capital markets have since developed, offering industry an alternative source of funds. DFIs' own source of funds has changed. This article assesses the debate on universal banking and examines the future role of DFIs.

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