In an effort to shed some light on the effectiveness of government-owned development Banks, the Institutions for Development Sector (IDS) at the IDB financed two studies on the impact of Bancoldex, the second-tier public development Bank in Colombia. The two studies, which I co-authored with Marcela Meléndez and Marcela Eslava, evaluate the effect of Bancoldex on both firm … [Read more...] about Second-tier development banks: some evidence from Colombia