The political economy of privatization : an empirical analysis of bank privatization in Argentina
AbstractThe authors study the political economy of bank privatization in Argentina. The results of their study strongly support the hypothesis that political incentives affect the likelihood of privatization. They find that: a) provinces whose governors belonged to the fiscally conservative Partido Justicialista were more likely to privatize; b) fiscal and economic crises increased the likelihood of privatization; and c) poorly performing banks were more likely to be privatized. They tested the hypotheses for a specific industry in a specific country, making it possible to control for enterprise performance and institutional characteristics. It seems reasonable to expect that similar results might hold in other industries and countries.
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Bibliographic InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 1962.
Date of creation: 31 Aug 1998
Date of revision:
Banks&Banking Reform; Decentralization; Municipal Financial Management; Payment Systems&Infrastructure; Financial Crisis Management&Restructuring; Municipal Financial Management; Financial Crisis Management&Restructuring; National Governance; Housing Finance; Banks&Banking Reform;
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.:
- Levine, Ross, 1996.
"Financial development and economic growth : views and agenda,"
Policy Research Working Paper Series
1678, The World Bank.
- Ross Levine, 1997. "Financial Development and Economic Growth: Views and Agenda," Journal of Economic Literature, American Economic Association, vol. 35(2), pages 688-726, June.
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- Clarke, George R. G. & Cull, Robert, 1999. "Provincial bank privatization in Argentina : the why, how, and"so what"?," Policy Research Working Paper Series 2159, The World Bank.
- Juan Pablo Nicolini & Josefina Posadas & Juan Sanguinetti & Pablo Sanguinetti & Mariano Tommasi, 2002. "Decentralization, Fiscal Discipline in Sub-National Governments and the Bailout Problem: The Case of Argentina," Research Department Publications 3160, Inter-American Development Bank, Research Department.
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Elsevier, vol. 27(5), pages 865-886, May.
- Clarke, George R. & Cull, Robert, 1998. "Why privatize? : the case of Argentina's public provincial banks," Policy Research Working Paper Series 1972, The World Bank.
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