State bank transformation in Brazil - choices and consequences
AbstractThe authors analyze the different options-liquidation, federalization, privatization, and restructuring-that the Brazilian state government had for the transformation of state banks under the Programa de Incentivo Ã¡ ReduÃ§Ã£o do Setor PÃºblico Estadual na Atividade BancÃ¡ria (PROES) in the late 1990s. Specifically, they explore the factors behind the states'choices and the effects of the transformation process on bank performance and efficiency. The authors find that states that were more dependent on federal transfers, whose banks were already under federal intervention and that established development agencies were more likely to relinquish control over their banks and transformation processes. They also find that privatized banks had improved performance, while restructured banks did not.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Banking & Finance.
Volume (Year): 29 (2005)
Issue (Month): 8-9 (August)
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Web page: http://www.elsevier.com/locate/jbf
Other versions of this item:
- Beck, H.T.L. & Crivelli, J. & W. Summerhill, W., 2005. "State bank transformation in Brazil: Choice and consequences," Open Access publications from Tilburg University urn:nbn:nl:ui:12-3125504, Tilburg University.
- Beck, Thorsten & Crivelli, Juan Miguel & Summerhill, William, 2005. "State bank transformation in Brazil - choices and consequences," Policy Research Working Paper Series 3619, The World Bank.
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