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Propiedad de la banca y conducta crediticia

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  • Alejandro Micco
  • Ugo Panizza

Abstract

(Disponible en idioma inglés únicamente) En este trabajo se analiza si la propiedad de la banca (pública vs. privada, nacional vs. extranjera) guarda alguna relación con las prácticas crediticias de los bancos a lo largo del ciclo económico. Se halla que los bancos propiedad del Estado pueden desempeñar un útil papel de facilitación del crédito, debido a que sus prácticas crediticias son menos sensibles a las sacudidas macroeconómicas que las de los bancos privados. Se analiza si esta diferencia de conducta se debe a un objetivo explícito de estabilizar el crédito o a la presencia de gerentes perezosos de bancos propiedad del Estado; se hallan elementos en apoyo de la primera hipótesis. En el caso de bancos extranjeros, se determina que los resultados son menos claros y se sostiene que este hallazgo se corresponde con los modelos teóricos actuales.

Suggested Citation

  • Alejandro Micco & Ugo Panizza, 2004. "Propiedad de la banca y conducta crediticia," Research Department Publications 4386, Inter-American Development Bank, Research Department.
  • Handle: RePEc:idb:wpaper:4386
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    File URL: http://www.iadb.org/research/pub_hits.cfm?pub_id=WP-520&pub_file_name=pubWP-520.pdf
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    References listed on IDEAS

    as
    1. Eduardo Levy Yeyati & Alejandro Micco & Ugo Panizza, 2004. "Should the Government Be in the Banking Business?: The Role of State-Owned and Development Banks," IDB Publications (Working Papers) 1543, Inter-American Development Bank.
    2. Demirguc, Asli & Huizinga, Harry, 1999. "Determinants of Commercial Bank Interest Margins and Profitability: Some International Evidence," World Bank Economic Review, World Bank Group, pages 379-408.
    3. Ricardo Caballero & Kevin Cowan & Jonathan Kearns, 2005. "Fear of Sudden Stops: Lessons From Australia and Chile," Journal of Economic Policy Reform, Taylor & Francis Journals, pages 313-354.
    4. Arturo Galindo & Alejandro Micco & Andrew Powell, 2004. "Loyal Lenders or Fickle Financiers: Foreign Banks in Latin America," Business School Working Papers banksla, Universidad Torcuato Di Tella.
    5. repec:hrv:faseco:30747188 is not listed on IDEAS
    6. Galindo, Arturo & Micco, Alejandro, 2004. "Do state owned banks promote growth? Cross-country evidence for manufacturing industries," Economics Letters, Elsevier, vol. 84(3), pages 371-376, September.
    7. Alejandro Micco & Ugo Panizza & Mónica Yañez, 2004. "Bank Ownership and Performance," IDB Publications (Working Papers) 1544, Inter-American Development Bank.
    8. Stephen G. Cecchetti & Stefan Krause, 2001. "Financial Structure, Macroeconomic Stability and Monetary Policy," NBER Working Papers 8354, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

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