Showing 1 - 10 of 135
In recent years, Latin American banking sectors have experienced an accelerated process of concentration and foreign penetration that has prompted diverse views regarding its implications for the competitive behavior of banks and for the financial stability of the system as a whole. Exploiting a...
Persistent link: https://www.econbiz.de/10012727755
In recent years, Latin American banking sectors have experienced an accelerated process of concentration and foreign penetration that has prompted diverse views regarding its implications for the competitive behavior of banks and for the financial stability of the system as a whole. Exploiting a...
Persistent link: https://www.econbiz.de/10012785735
This paper checks whether state-ownership of banks is correlated with ending behavior over the business cycle and finds that their lending is less responsive to macroeconomic shocks than the lending of private banks. The paper tests whether this is due to the presence of quot;lazyquot; public...
Persistent link: https://www.econbiz.de/10012737160
This paper builds a new dataset of bank ownership and bank performance covering approximately 50,000 observations for 119 countries over the 1995-2002 period. Next it uses the dataset to reassess the relationship between bank ownership and bank performance providing separated estimations for...
Persistent link: https://www.econbiz.de/10012785324
This paper uses a new dataset to reassess the relationship between bank ownership and bank performance, providing separate estimations for developing and industrial countries. It finds that state-owned banks located in developing countries tend to have lower profitability and higher costs than...
Persistent link: https://www.econbiz.de/10012780610
This paper surveys the theoretical and empirical literature on the role of state-owned banks and also presents some new results and a robustness analysis. After having discussed whether there is a theoretical justification for the presence of state-owned banks, the paper focuses on their...
Persistent link: https://www.econbiz.de/10012737760
This paper explores sources of deposit dollarization unrelated to standard moral hazard arguments. We develop a model in which banks choose the optimal currency composition of their liabilities. We argue that the equal treatment of peso and dollar claims in the event of bank default can induce...
Persistent link: https://www.econbiz.de/10012735463
This paper evaluates ways to protect highly dollarized banking systems from systemic liquidity runs (such as the ones that took place recently in Argentina, Uruguay, and Paraguay). In view of the limitations of available (private or official) insurance schemes, and the distortions introduced by...
Persistent link: https://www.econbiz.de/10012736061
In this paper, we examine how the presence of country insurance schemes affects policymakers' incentives to undertake reforms. Such schemes (especially when made contingent on negative external shocks) are more likely to foster than to delay reform in crisis-prone volatile economies. The...
Persistent link: https://www.econbiz.de/10012737290
In this paper, we show that a central bank, by announcing and committing ex-ante to a bailout policy that is contingent on the realization of certain states of nature (for instance on the occurrence of an adverse macroeconomic shock), creates a risk-reducing quot;value effectquot; that more than...
Persistent link: https://www.econbiz.de/10012739216