Long-term finance plays an important role in economic development. Extending the maturity structure of finance is often considered to be at the core of sustainable financial development. Long-term finance, frequently defined as all funding for a time frame exceeding one year, may contribute to faster growth, greater welfare, shared prosperity, and enduring stability in two important ways: by reducing rollover risks for borrowers, thereby lengthening...
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2016/01/01
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Publication
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99100
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2
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2016/09/07
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Disclosed
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Global financial development report 2015-2016 : long-term finance (Vol. 2 of 2) : 摘要 (Chinese). Global financial development report Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/830701473319011783