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State-Owned Banks, Stability, Privatization, and Growth

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  • Michael Andrews
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    Abstract

    This paper provides an overview of the possible linkages between state-owned banks, privatization, and banking sector crises. Data on privatizations in over 65 countries is used together with data from the banking crisis literature to consider the relationship between state-owned banks and financial sector stability. The paper draws on the existing literature to provide guidance to policymakers regarding bank privatization.

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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=17950
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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Working Papers with number 05/10.

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    Length: 54
    Date of creation: 01 Jan 2005
    Date of revision:
    Handle: RePEc:imf:imfwpa:05/10

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    Related research

    Keywords: Financial stability; Privatization; Banking systems; banking; bank privatization; privatizations; bank privatizations; banking crises; government ownership; state-owned enterprises; banking crisis; banking system; recapitalization; national bank; banking sector; state ownership; banking supervision; nationalization; savings bank; bank ownership; privatization of state; private ownership; deposit insurance; state bank; voucher privatizations; privatization of banks; banking market; methods of privatization; bank reform; bank entry; agricultural bank; bank restructuring; banking reform; banking assets; systemic bank restructuring; bank for international settlements; investment bank; banking practices; cooperative bank; financial risk; bank performance; merchant bank; ownership structure; privatization revenues; capital adequacy; bank investment; private bank; bank recapitalization; privatization in transition economies; banking markets; privatization vouchers; political economy of privatization; retained earnings; deregulation; privatization in transition countries; privatization methods; successful privatization; privatization proceeds; partial privatizations; bank assets; subordinated debt; prudential regulation; bank governance; regulatory forbearance; bank liquidity; bank nationalization; market structure; privatization programs; banking customers; bank supervision; structural adjustment; bank supervisory authority; privatization prices; bank problems; privatization process; management buyout; asset management company; empirical studies on privatization; privatization transaction; objectives of privatization; private sector participation; banker; bank loans; preparation for privatization; bank owners; privatization data; bank supervisors; determinants of privatization; bank consolidation; capital base; holding company; successful privatizations; banking supervisor; public offering; banking operations; bank of mauritius; banking industry; banking sector developments; privatization method; bank policy; banking sector reforms; privatization program; nonperforming loan; bank of england; method of privatization; types of privatization; bank failures; deposit insurance scheme; banking risks;

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    References

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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    1. NessJr., Walter L., 2000. "Reducing government bank presence in the Brazilian financial system Why and how," The Quarterly Review of Economics and Finance, Elsevier, vol. 40(1), pages 71-84.
    2. Rafael La Porta & Florencio Lopez-deSilanes & Andrei Shleifer, 2000. "Government Ownership of Banks," Harvard Institute of Economic Research Working Papers 1890, Harvard - Institute of Economic Research.
    3. Meyendorff, Anna & Snyder, Edward A., 1997. "Transactional Structures of Bank Privatizations in Central Europe and Russia," Journal of Comparative Economics, Elsevier, vol. 25(1), pages 5-30, August.
    4. Petya Koeva Brooks, 2003. "The Performance of Indian Banks During Financial Liberalization," IMF Working Papers 03/150, International Monetary Fund.
    5. Claessens, Stijn & Demirguc-Kunt, Asl[iota] & Huizinga, Harry, 2001. "How does foreign entry affect domestic banking markets?," Journal of Banking & Finance, Elsevier, vol. 25(5), pages 891-911, May.
    6. Florencio Lopez-de-Silane, 1996. "Determinants of Privatization Prices," NBER Working Papers 5494, National Bureau of Economic Research, Inc.
    7. Abarbanell, Jeffery S. & Meyendorff, Anna, 1997. "Bank Privatization in Post-Communist Russia: The Case of Zhilsotsbank," Journal of Comparative Economics, Elsevier, vol. 25(1), pages 62-96, August.
    8. Burkhard Drees & Ceyla Pazarbasioglu, 1998. "The Nordic Banking Crisis," IMF Occasional Papers 161, International Monetary Fund.
    9. International Monetary Fund, 2002. "Banking Crises and Bank Resolution," IMF Working Papers 02/56, International Monetary Fund.
    10. Joe Peek & Eric S. Rosengren, 1996. "The International Transmission of Financial Shocks: The Case of Japan," Boston College Working Papers in Economics 357, Boston College Department of Economics.
    11. Cull, Robert J., 1997. "Financial sector adjustment lending : a mid-course analysis," Policy Research Working Paper Series 1804, The World Bank.
    12. Dani Rodrik & Arvind Subramanian & Francesco Trebbi, 2002. "Institutions Rule: The Primacy of Institutions over Geography and Integration in Economic Development," NBER Working Papers 9305, National Bureau of Economic Research, Inc.
    13. Snyder, Edward A. & Kormendi, Roger C., 1997. "Privatization and Performance of the Czech Republic's Komercni Banka," Journal of Comparative Economics, Elsevier, vol. 25(1), pages 97-128, August.
    14. Makler, Harry M., 2000. "Bank transformation and privatization in Brazil Financial federalism and some lessons about bank privatization," The Quarterly Review of Economics and Finance, Elsevier, vol. 40(1), pages 45-69.
    15. Barth, James R. & Caprio, Gerard & Levine, Ross, 2000. "Banking systems around the globe : do regulation and ownership affect the performance and stability?," Policy Research Working Paper Series 2325, The World Bank.
    16. Carmen M. Reinhart & Graciela L. Kaminsky, 1999. "The Twin Crises: The Causes of Banking and Balance-of-Payments Problems," American Economic Review, American Economic Association, vol. 89(3), pages 473-500, June.
    17. Udaibir S. Das & Marc Quintyn & Kina Chenard, 2004. "Does Regulatory Governance Matter for Financial System Stability? An Empirical Analysis," IMF Working Papers 04/89, International Monetary Fund.
    18. Ceyla Pazarbasioglu & Claudia Helene Dziobek, 1997. "Lessons From Systemic Bank Restructuring," IMF Working Papers 97/161, International Monetary Fund.
    19. Clifford Zinnes & Yair Eilat & Jeffrey Sachs, 2001. "The Gains from Privatization in Transition Economies: Is "Change of Ownership" Enough?," IMF Staff Papers, Palgrave Macmillan, vol. 48(4), pages 7.
    20. Aliber, Robert Z, 1984. "International Banking: A Survey," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 16(4), pages 661-78, November.
    21. Steven Fries & Anita Taci, 2002. "Banking reform and development in transition economies," Working Papers 71, European Bank for Reconstruction and Development, Office of the Chief Economist.
    22. McComb, Robert P. & Gruben, William C. & Welch, John H., 1994. "Privatization and performance in the Mexican financial services industry," The Quarterly Review of Economics and Finance, Elsevier, vol. 34(Supplemen), pages 217-235.
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    Cited by:
    1. Alejandro Micco & Ugo Panizza & Monica Yañez, 2005. "Bank Ownership and Performance Does Politics Matter?," Working Papers Central Bank of Chile 356, Central Bank of Chile.
    2. Kikeri, Sunita & Kolo, Aishetu, 2005. "Privatization : trends and recent developments," Policy Research Working Paper Series 3765, The World Bank.

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