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Banken, instituties en zachte budgetbeperkingen tijdens de transitie

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Author Info

  • Ralph de Haas

    (De Nederlandsche Bank)

Abstract

De juridische bescherming van banken en aandeelhouders beïnvloedt de omvang en kwaliteit van het financiële systeem en daarmee de economische groei. Gebrekkige (juridische) instituties in transitie-economieën kunnen de economische ontwikkeling van deze landen dan ook afremmen. Zo dragen banken die door institutionele onvolkomenheden niet in staat zijn om verlieslijdende bedrijven (her)financiering te ontzeggen bij aan het in stand houden van een inefficiënte allocatie van middelen. Zulke institutionele onvolkomenheden uiten zich onder meer in zachte budgetbeperkingen bij bedrijven. Om deze budgetbeperkingen harder te maken, zijn niet alleen juridische verbeteringen op papier nodig. Minstens zo belangrijk is dat verbeterde wetgeving effectiever wordt gehandhaafd, zodat het dreigen door banken om financiering van verlieslijdende bedrijven stop te zetten, geloofwaardig wordt.

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File URL: http://128.118.178.162/eps/fin/papers/0209/0209003.pdf
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Bibliographic Info

Paper provided by EconWPA in its series Finance with number 0209003.

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Date of creation: 16 Sep 2002
Date of revision:
Handle: RePEc:wpa:wuwpfi:0209003

Note: Type of Document - Word; prepared on PC; to print on HP;
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Web page: http://128.118.178.162

Related research

Keywords: transition; institutions; soft budget constraints; banks;

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Cited by:
  1. J.W.B. Bos, 2003. "Improving Market Power Tests: Does it matter for the Dutch Banking Market?," Research Series Supervision (discontinued) 56, Netherlands Central Bank, Directorate Supervision.

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