FINANCIALIZATION PROCESS OF COSTA RICAN PUBLIC BANKING: THE CASE OF THE NATIONAL BANK, 1995-2005

Abstract

The reform to the socioeconomic structure that Costa Rica experienced since the 1980s,
necessarily implies changes in the banking and financial system. These changes have
brought to the end of the monopsony who held the state bank on public deposits in 1995;
this will substantially modified the actions of the state bank. In this article we show how
these changes were expressed in the National Bank of Costa Rica (BNCR).