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The Threat of Capital Drain: A Rationale for Public Banks?

Hakenes, Hendrik; Schnabel, Isabel - Volkswirtschaftliche Fakultät, … - 2006

This paper yields a rationale for why subsidized public banks may be desirable from a regional perspective in a financially integrated economy. We present a model with credit rationing and heterogeneous regions in which public banks prevent a capital drain from poorer to richer regions by...

Persistent link: https://www.econbiz.de/10005614486

The Threat of Capital Drain: A Rationale for Regional Public Banks?

Hakenes, Hendrik; Schnabel, Isabel - In: Journal of Institutional and Theoretical Economics (JITE) 166 (2010) 4, pp. 662-689

This paper yields a rationale for why subsidized public banks may increase regional welfare in a financially integrated economy. We present a model with credit rationing and heterogeneous regions in which public banks prevent a capital drain from poorer to richer regions by subsidizing local...

Persistent link: https://www.econbiz.de/10008727984

The Threat of Capital Drain : A Rationale for Public Banks?

Hakenes, Hendrik - 2009

Persistent link: https://www.econbiz.de/10012721596

A reappraisal of State-Owned Banks

Levy-Yeyat, Eduardo; Micco, Alejandro; Panizza, Ugo - In: ECONOMIA JOURNAL OF THE LATIN AMERICAN AND CARIBBEAN … (2007)

We revisit the public banks debate, survey the theoretical arguments and test the robustness (and expand) the existing empirical evidence. While we find some support for the view that public banks do not allocate credit optimally, we also report indicative evidence that they exert a positive...

Persistent link: https://www.econbiz.de/10009021313

From soft and hard-nosed bankers: bank lending strategies and the survival of financially distressed firms

Höwer, Daniel - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2009

Do private banks act as hard-nosed bankers when firms get financially distressed compared to public banks that have the mandate to support regional economy? For German firms in the period 2000-2005, I find that the probability of leaving the market after financial distress is higher for firms...

Persistent link: https://www.econbiz.de/10008533682

The privatization of public banks: will it always turn out to be satisfactory?

Apak, Sudi; Atakisi, Ahmet; Ozkan, Levent; … - Volkswirtschaftliche Fakultät, … - 2006

The concept of privatization has been deepened due to the liberalization progress in the world economy since the … resolutions, after the collapsing of socialist regimes in the Eastern Block. Needless to say thai, the concept of privatization in … public bank privatization trends by focusing on to the privatization conception. As a final point, the public bgnks …

Persistent link: https://www.econbiz.de/10011267845

Does bank ownership affect lending behavior? Evidence from the Euro area

Ferri, Giovanni; Kalmi, Panu; Kerola, Eeva - In: Journal of Banking & Finance 48 (2014) C, pp. 194-209

We analyze the differences in lending policies across banks characterized by different types of ownership, using micro-level data on Euro area banks during the period 1999–2011 to detect possible variations in bank lending supply responses to changes in monetary policy. Our results identify a...

Persistent link: https://www.econbiz.de/10011077995

Public Versus Private Ownership: Quantity Contracts and the Allocation of Investment Tasks

Hoppe, Eva I; Schmitz, Patrick W - C.E.P.R. Discussion Papers - 2008

The government wants a certain good or service to be provided. Should the required assets be publicly or privately owned or should a partnership be formed? Building on the incomplete contracting approach, we argue that the initially specified quantity of an ex ante describable basic good can...

Persistent link: https://www.econbiz.de/10005497777

Innovation in State-owned Enterprises: Reconsidering the Conventional Wisdom

Belloc, Filippo - Volkswirtschaftliche Fakultät, … - 2013

simple privatization of companies. This leaves room for exploration and implementation of policies that might reconcile State …

Persistent link: https://www.econbiz.de/10011110509

Privatize or Not? Escaping Budget Temptation and Nirvana Fallacy

Afontsev, S. - In: Journal of the New Economic Association 20 (2013) 4, pp. 150-153

The article argues that most objections against a new wave of privatization in Russia suffer from a 'Nirvana fallacy …', i.e., rely on undue comparison of limited (yet positive) results of actual privatization policies with the alleged … optimal policy choice is to combine privatization with proactive competition policies. …

Persistent link: https://www.econbiz.de/10010752659