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The threat of capital drain : a rationale for public banks?
Hakenes, Hendrik; Schnabel, Isabel - 2006
This paper yields a rationale for why subsidized public banks may be desirable from a regional perspective 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...
Persistent link: https://www.econbiz.de/10010373500
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The threat of capital drain: a rationale for public banks?
Hakenes, Hendrik; Schnabel, Isabel - 2006
This paper yields a rationale for why subsidized public banks may be desirable from a regional perspective 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...
Persistent link: https://www.econbiz.de/10010264789
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The Threat of Capital Drain: A Rationale for Public Banks?
Hakenes, Hendrik; Schnabel, Isabel - Max-Planck-Institut zur Erforschung von … - 2006
This paper yields a rationale for why subsidized public banks may be desirable from a regional perspective 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...
Persistent link: https://www.econbiz.de/10005612394
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The Threat of Capital Drain: A Rationale for Public Banks?
Hakenes, Hendrik; Schnabel, Isabel - Volkswirtschaftliche Fakultät, … - 2006
This paper yields a rationale for why subsidized public banks may be desirable from a regional perspective 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...
Persistent link: https://www.econbiz.de/10005614486
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The Threat of Capital Drain : A Rationale for Public Banks?
Hakenes, Hendrik - 2009
This paper yields a rationale for why subsidized public banks may be desirable from a regional perspective 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...
Persistent link: https://www.econbiz.de/10012721596
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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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From soft and hard-nosed bankers: bank lending strategies and the survival of financially distressed firms
Höwer, Daniel - 2009
Do private banks act as hard-nosed bankers when firms get financially distressed compared to public banks that have the mandate to support regional economy? For German firms in the period 2000-2005, I find that the probability of leaving the market after financial distress is higher for firms...
Persistent link: https://www.econbiz.de/10010299467
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From soft and hard-nosed bankers: bank lending strategies and the survival of financially distressed firms
Höwer, Daniel - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2009
Do private banks act as hard-nosed bankers when firms get financially distressed compared to public banks that have the mandate to support regional economy? For German firms in the period 2000-2005, I find that the probability of leaving the market after financial distress is higher for firms...
Persistent link: https://www.econbiz.de/10008533682
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The privatization of public banks: will it always turn out to be satisfactory?
Apak, Sudi; Atakisi, Ahmet; Ozkan, Levent; … - Volkswirtschaftliche Fakultät, … - 2006
The concept of privatization has been deepened due to the liberalization progress in the world economy since the … resolutions, after the collapsing of socialist regimes in the Eastern Block. Needless to say thai, the concept of privatization in … public bank privatization trends by focusing on to the privatization conception. As a final point, the public bgnks …
Persistent link: https://www.econbiz.de/10011267845