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The Threat of Capital Drain: A Rationale for Regional Public Banks?
Hakenes, Hendrik; Schnabel, Isabel - In: Journal of Institutional and Theoretical Economics (JITE) 166 (2010) 4, pp. 662-689
This paper yields a rationale for why subsidized public banks may increase regional welfare in a financially integrated economy. We present a model with credit rationing and heterogeneous regions in which public banks prevent a capital drain from poorer to richer regions by subsidizing local...
Persistent link: https://www.econbiz.de/10008727984
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A reappraisal of State-Owned Banks
Levy-Yeyat, Eduardo; Micco, Alejandro; Panizza, Ugo - In: ECONOMIA JOURNAL OF THE LATIN AMERICAN AND CARIBBEAN … (2007)
We revisit the public banks debate, survey the theoretical arguments and test the robustness (and expand) the existing empirical evidence. While we find some support for the view that public banks do not allocate credit optimally, we also report indicative evidence that they exert a positive...
Persistent link: https://www.econbiz.de/10009021313
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Does bank ownership affect lending behavior? Evidence from the Euro area
Ferri, Giovanni; Kalmi, Panu; Kerola, Eeva - In: Journal of Banking & Finance 48 (2014) C, pp. 194-209
We analyze the differences in lending policies across banks characterized by different types of ownership, using micro-level data on Euro area banks during the period 1999–2011 to detect possible variations in bank lending supply responses to changes in monetary policy. Our results identify a...
Persistent link: https://www.econbiz.de/10011077995
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Privatization, deregulation, and capital accumulation
Glomm, Gerhard; Méndez, Fabio - In: Southern economic journal 75 (2009) 4, pp. 976-995
Persistent link: https://www.econbiz.de/10003863343
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Privatize or Not? Escaping Budget Temptation and Nirvana Fallacy
Afontsev, S. - In: Journal of the New Economic Association 20 (2013) 4, pp. 150-153
The article argues that most objections against a new wave of privatization in Russia suffer from a 'Nirvana fallacy …', i.e., rely on undue comparison of limited (yet positive) results of actual privatization policies with the alleged … optimal policy choice is to combine privatization with proactive competition policies. …
Persistent link: https://www.econbiz.de/10010752659
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Privatization and European Economic and Monetary Union
Jeronimo, Venilde; Pagan, Jose A.; Soydemir, Gokce - In: Eastern Economic Journal 26 (2000) 3, pp. 321-333
, Portugal and Greece were associated with a shift from privatization as a tool of economic restructuring, to privatization as a … tool of European monetary convergence. The empirical results suggests that privatization funds accruing from the sale of …
Persistent link: https://www.econbiz.de/10005641674
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Roles, Missions and Business Models of Public Financial Institutions in Europe
Schmit, Mathias; Denuit, Thierry; Gheeraert, Laurent; … - In: Roles, Missions and Business Models of Public Financial …
In Europe, the balance between publicly owned and privately owned financialinstitutions varies through time and from country to country. Historically, nationalisations and privatisations have moved the balance backwards and forwards. So has the recent financial crisis. Mathias Schmit, Laurent...
Persistent link: https://www.econbiz.de/10009391860
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ENTRY OF BANK FOREIGN CAPITAL IN DEVELOPING ECONOMIES: MEASURING PROFIT & COST EFFICIENCY
Petreski, Assist. Ph.D c. Marjan - In: Revista Tinerilor Economisti (The Young Economists Journal) 1 (2009) 13, pp. 39-45
The paper aims at acknowledging the efficiency effects of bank privatization upon the entry of strategic foreign …
Persistent link: https://www.econbiz.de/10008556750
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The integration of financial markets and growth - the role of banking regulation and supervision
Sum, Katarzyna - In: Collegium of Economic Analysis Annals (2012) 26, pp. 129-142
The study is aimed at investigating the role of banking regulation and supervision in the relation between financial integration and long term growth by means of dynamic panel model estimation. The study covers a sample of 69 countries during the period 1975-2007.The study gives some new results...
Persistent link: https://www.econbiz.de/10011010528
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Does financial integration matter during financial crises? : a comparative analysis of economies of developing countries
Fetai, Besnik - In: Prague economic papers : a bimonthly journal of … 33 (2024) 1, pp. 60-78
Using developing countries in Europe for context, this study examines the complex relationship between financial crises and financial integration. We use panel data comprising 37 countries in Europe, including Iceland, Belarus, Ukraine, Turkey, and Russia from 2000-2019 and the general method of...
Persistent link: https://www.econbiz.de/10014516272