Transactional Structures of Bank Privatization in Central Europe and Russia
Abstract
In pursuing bank privatization, governments in Central Europe and Russia faced a common set of policy issues including how to break up the monobank system, deal with troubled loans, transfer equity to the private sector, and attract capital to the banks. For each bank undergoing privatization, the government's approach to such issues determines its transactional structure. We develop this conceptual framework and assess the findings from three studies of major commercial banks undergoing privatization. The varied transactional structures used in these privatizations appear to have had significant effects on each bank's microstructure, and to influence bank strategy and post-privatization performance.Download Info
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Paper provided by William Davidson Institute at the University of Michigan in its series William Davidson Institute Working Papers Series with number 2.Length: pages
Date of creation: 01 Apr 1997
Date of revision:
Handle: RePEc:wdi:papers:1997-2
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Keywords:Other versions of this item:
- 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.
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
- P34 - Economic Systems - - Socialist Institutions and Their Transitions - - - Finance
This paper has been announced in the following NEP Reports:
- NEP-ALL-2002-04-03 (All new papers)
- NEP-MIC-2002-04-03 (Microeconomics)
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Janez Prasnikar & Jan Svejnar, 1998.
"Investment Wages and Ownership During the Transition to a Market Economy: Evidence from Slovenian Firms,"
William Davidson Institute Working Papers Series
144, William Davidson Institute at the University of Michigan.
- Prasnikar, Janez & Svejnar, Jan, 2003. "Investment, Wages and Ownership During the Transition to a Market Economy: Evidence from Slovenian Firms," CEPR Discussion Papers 4144, C.E.P.R. Discussion Papers.
- Otchere, Isaac, 2009. "Competitive and value effects of bank privatization in developed countries," Journal of Banking & Finance, Elsevier, vol. 33(12), pages 2373-2385, December.
- Cull, Robert & Matesova, Jana & Shirley, Mary, 2001. "Ownership structure and the temptation to loot : evidence from privatized firms in the Czech Republic," Policy Research Working Paper Series 2568, The World Bank.
- Megginson, William L., 2005. "The economics of bank privatization," Journal of Banking & Finance, Elsevier, vol. 29(8-9), pages 1931-1980, August.
- Michael Andrews, 2005. "State-Owned Banks, Stability, Privatization, and Growth: Practical Policy Decisions in a World Without Empirical Proof," IMF Working Papers 05/10, International Monetary Fund.
- Cull, Robert & Xu, Lixin Colin, 2000. "Bureaucrats, State Banks, and the Efficiency of Credit Allocation: The Experience of Chinese State-Owned Enterprises," Journal of Comparative Economics, Elsevier, vol. 28(1), pages 1-31, March.
- Kutan, Ali M. & Brada, Josef C., 1999.
"The evolution of monetary policy in transition economies,"
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B 19-1999, ZEI - Center for European Integration Studies, University of Bonn.
- Ali M. Kutan & Josef C. Brada, 2000. "The evolution of monetary policy in transition economies," Review, Federal Reserve Bank of St. Louis, issue Mar, pages 31-40.
- Hasan, Iftekhar & Marton, Katherin, 2003.
"Development and efficiency of the banking sector in a transitional economy: Hungarian experience,"
Journal of Banking & Finance,
Elsevier, vol. 27(12), pages 2249-2271, December.
- Hasan, Iftekhar & Marton, Katherin, 2000. "Development and Efficiency of the Banking Sector in a Transitional Economy: Hungarian Experience," BOFIT Discussion Papers 7/2000, Bank of Finland, Institute for Economies in Transition.
- Mike Wright & Judit Karsai & Zbigniew Dudzinski & Jan Morovic, 1999. "Transition and Active Investors: Venture Capital in Hungary, Poland and Slovakia," Post-Communist Economies, Taylor and Francis Journals, vol. 11(1), pages 27-46.
- Carree, M.A., 2000. "The Evolution of the Russian Saving Bank Sector During the Transition Era," Research Paper ERS-2000-27-STR, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus Uni.
- Omran, Mohammed, 2007. "Privatization, State Ownership, and Bank Performance in Egypt," World Development, Elsevier, vol. 35(4), pages 714-733, April.
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