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Banken, instituties en zachte budgetbeperkingen tijdens de transitie


  • Ralph de Haas

    (De Nederlandsche Bank)


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.

Suggested Citation

  • Ralph de Haas, 2002. "Banken, instituties en zachte budgetbeperkingen tijdens de transitie," Finance 0209003, EconWPA.
  • Handle: RePEc:wpa:wuwpfi:0209003
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    References listed on IDEAS

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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.

    More about this item


    transition; institutions; soft budget constraints; banks;

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
    • P11 - Economic Systems - - Capitalist Systems - - - Planning, Coordination, and Reform
    • P26 - Economic Systems - - Socialist Systems and Transition Economies - - - Political Economy

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