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State-Owned Banks, Stability, Privatization, and Growth: Practical Policy Decisions in a World Without Empirical Proof

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  • Mr. Michael Andrews

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.

Suggested Citation

  • Mr. Michael Andrews, 2005. "State-Owned Banks, Stability, Privatization, and Growth: Practical Policy Decisions in a World Without Empirical Proof," IMF Working Papers 2005/010, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2005/010
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    Cited by:

    1. Micco, Alejandro & Panizza, Ugo & Yanez, Monica, 2007. "Bank ownership and performance. Does politics matter?," Journal of Banking & Finance, Elsevier, vol. 31(1), pages 219-241, January.
    2. Bertay,Ata Can & Calice,Pietro & Diaz Kalan,Federico Alfonso & Masetti,Oliver, 2020. "Recent Trends in Bank Privatization," Policy Research Working Paper Series 9318, The World Bank.
    3. Ugo Panizza, 2023. "State-owned commercial banks," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 26(1), pages 44-66, January.
    4. Jayati Sarkar & Subrata Sarkar, 2018. "Bank Ownership, Board Characteristics and Performance: Evidence from Commercial Banks in India," IJFS, MDPI, vol. 6(1), pages 1-30, February.
    5. Sándor Gardó, 2010. "Bank Governance and Financial Stability in CESEE: A Review of the Literature," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 1, pages 6-31.
    6. Inka Yusgiantoro & Wahyoe Soedarmono & Amine Tarazi, 2017. "Bank consolidation and financial stability revisited: Evidence from Indonesia," Working Papers hal-01577970, HAL.
    7. Mohieldin, Mahmoud & Nasr, Sahar, 2007. "On bank privatization: The case of Egypt," The Quarterly Review of Economics and Finance, Elsevier, vol. 46(5), pages 707-725, February.
    8. repec:onb:oenbwp:y:2010:i:1:b:1 is not listed on IDEAS
    9. Noorhan Elkhayat & Mona A. ElBannan, 2018. "State Divestitures and Bank Performance: Empirical Evidence from the Middle East and North Africa Region," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 8(2), pages 145-171, February.
    10. Sergio Lagoa & Abdul Suleman, 2014. "Types of financial institution and their supply of financial services: the case of microfinance in Europe," Working papers wpaper72, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
    11. Babasyan, Davit & Gu, Yunfan & Melecky, Martin, 2023. "Late banking transitions: Comparing Uzbekistan to earlier reformers," World Development Perspectives, Elsevier, vol. 30(C).
    12. International Monetary Fund, 2006. "Panama: Selected Issues and Statistical Appendix," IMF Staff Country Reports 2006/003, International Monetary Fund.
    13. Dubravko Mihaljek, 2006. "Privatisation, consolidation and the increased role of foreign banks," BIS Papers chapters, in: Bank for International Settlements (ed.), The banking system in emerging economies: how much progress has been made?, volume 28, pages 41-65, Bank for International Settlements.
    14. Mr. Joe Crowley, 2008. "Credit Growth in the Middle East, North Africa, and Central Asia Region," IMF Working Papers 2008/184, International Monetary Fund.
    15. Dumitriu, Ramona & Stefanescu, Razvan & Nistor, Costel, 2012. "State - owned banks from Romania," MPRA Paper 52768, University Library of Munich, Germany, revised Jan 2013.
    16. Kikeri, Sunita & Kolo, Aishetu, 2005. "Privatization : trends and recent developments," Policy Research Working Paper Series 3765, The World Bank.
    17. Mirzaei, Ali & Pasiouras, Fotios & Samet, Anis, 2021. "State ownership, macroprudential policies, and bank lending," Journal of International Money and Finance, Elsevier, vol. 117(C).
    18. Carney, Richard W. & Liu, Wai-Man (Raymond) & Ngo, Phong T. H., 2012. "Responding to Financial Crisis: The Rise of State Ownership and Implications for Firm Performance," MPRA Paper 43600, University Library of Munich, Germany.
    19. Hilal Atasoy, 2015. "Latent entrepreneurship in transition economies," IZA World of Labor, Institute of Labor Economics (IZA), pages 155-155, June.

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