Government ownership of banks, institutions, and financial development

• 成果类型: Article
• 署名作者: Andrianova, Svetlana; Demetriades, Panicos; Shortland, Anja
• 署名单位: University of Leicester; Brunel University
• 刊物名称: JOURNAL OF DEVELOPMENT ECONOMICS
• ISSN/ISSBN: 0304-3878
• DOI: 10.1016/j.jdeveco.2006.08.002
• 发表日期: 2008
• 页码: 218-252
• 关键词: Regulation; opportunistic banks; institutional quality

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.