Herd, Richard; Koen, Vincent; Patnaik, Ila; Shah, Ajay - Economics Department, Organisation de Coopération et … - 2011
further financial-sector reform. In particular, banks need much greater freedom in asset allocation. While public-sector banks … did appear sounder to the public during the 2007/08 crisis due to implicit government backing, they ought to be privatised … improve financial sector efficiency they would also likely have positive spillover effects on the rest of the economy and help …