Artículo
Public bank lending in times of crisis
Fecha de publicación:
01/2013
Editorial:
Elsevier Science
Revista:
Journal of Financial Stability
ISSN:
1572-3089
Idioma:
Inglés
Tipo de recurso:
Artículo publicado
Clasificación temática:
Resumen
This paper studies the role of government-owned banks in the event of financial crises. The study takes an empirical perspective focusing on bank lending. We compare the lending responses across government-owned and private banks to financial crises using the balance sheet information of 764 major banks headquartered in 50 countries over the period of 1994–2009. Using a nested panel regression framework that allows for parameter shifts in the bank lending equation, we find robust evidence that government-owned banks increase their lending during crises relative to normal times, while private banks’ lending decreases. Government-owned banks thus counteract the lending slowdown of private banks. The findings suggest that governments can play an active counter-cyclical role in their banking systems directly through government-owned banks.
Palabras clave:
Bancos Publicos
,
Crisis
,
Creditos
,
Bancos Privados
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Licencia
Identificadores
Colecciones
Articulos(CCT - CORDOBA)
Articulos de CTRO.CIENTIFICO TECNOL.CONICET - CORDOBA
Articulos de CTRO.CIENTIFICO TECNOL.CONICET - CORDOBA
Citación
Brei, Michael; Schclarek Curutchet, Alfredo; Public bank lending in times of crisis; Elsevier Science; Journal of Financial Stability; 9; 4; 1-2013; 820-830
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