A reappraisal of state-owned banks

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dc.description.abstract 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 influence on private bank efficiency, and may contribute to reduce credit procyclicality. Ultimately, we find that the recent criticism to public banks has generally been based on inconclusive cross-country evidence. More specific bank-level research is still needed to substantiate a case for or against public banks in developing economies. en
dc.title A reappraisal of state-owned banks en
dc.contributor.author Levy-Yeyati, Eduardo
dc.contributor.author Micco, Alejandro
dc.contributor.author Panizza, Ugo
dc.date.accessioned 2014-11-17T21:27:26Z
dc.date.available 2014-11-17T21:27:26Z
dc.date.issued 2007-03
dc.identifier.issn 1529-7470
dc.identifier.uri http://hdl.handle.net/123456789/48762
lacea.language.supported en
dc.language.iso en
dc.publisher Brookings Institution Press
dc.subject Economic development
dc.subject Goverment structure
dc.subject Financial institutions
dc.subject Financial services
dc.subject Bank efficiency
dc.subject Public banks
dc.subject Private banks
dc.type Article

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