Government ownership of banks, institutions, and financial development

被引:80
|
作者
Andrianova, Svetlana [1 ]
Demetriades, Panicos [1 ]
Shortland, Anja [2 ]
机构
[1] Univ Leicester, Dept Econ, Leicester LE1 7RH, Leics, England
[2] Brunel Univ, Dept Econ & Finance, Uxbridge UB8 3PH, Middx, England
基金
英国经济与社会研究理事会;
关键词
regulation; opportunistic banks; institutional quality;
D O I
10.1016/j.jdeveco.2006.08.002
中图分类号
F [经济];
学科分类号
02 ;
摘要
Using a suitably modified locational model of banking, we examine the influence of institutions, such as deposit contract enforcement, in explaining the share of government owned banks in the banking system. We present cross-country evidence suggesting that institutional factors are relatively more important determinants of the share of state banks than political or historical ones. We argue that rather than privatizing or subsidizing state banks governments in developing countries should build institutions that foster the development of private banking. (c) 2006 Elsevier B.V. All rights reserved.
引用
收藏
页码:218 / 252
页数:35
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