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dc.contributor.author
Brei, Michael
dc.contributor.author
Schclarek Curutchet, Alfredo
dc.date.available
2018-05-11T14:26:19Z
dc.date.issued
2015-01
dc.identifier.citation
Brei, Michael; Schclarek Curutchet, Alfredo; A theoretical model of bank lending: Does ownership matter in times of crisis?; Elsevier; Journal of Banking & Finance; 50; 1-2015; 298-307
dc.identifier.issn
0378-4266
dc.identifier.uri
http://hdl.handle.net/11336/44885
dc.description.abstract
The present study investigates theoretically the lending responses of government-owned and private banks in the event of unexpected financial shocks. Our model predicts that public banks provide more loans to the real sector during times of crisis, compared to private banks which cut down on lending and increase liquidity holdings. We put forth three reasons for this heterogeneous behavior. First, the objective of public banks, in contrast to their private peers, is not only to maximize profits given risks, but also to stabilize and promote the recovery of the economy. Second, public banks may suffer less deposit withdrawals or avoid a bank run in a severe crisis, because the state has better access to additional funds making a recapitalization more likely. And finally, public banks may suffer less deposit withdrawals due to their higher credibility in promising a future recapitalization in the case of a severe crisis.
dc.format
application/pdf
dc.language.iso
eng
dc.publisher
Elsevier
dc.rights
info:eu-repo/semantics/openAccess
dc.rights.uri
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
dc.subject
Financial Crisis
dc.subject
Bank Lending
dc.subject
Public Banks
dc.subject
Bank Runs
dc.subject.classification
Economía, Econometría
dc.subject.classification
Economía y Negocios
dc.subject.classification
CIENCIAS SOCIALES
dc.title
A theoretical model of bank lending: Does ownership matter in times of crisis?
dc.type
info:eu-repo/semantics/article
dc.type
info:ar-repo/semantics/artículo
dc.type
info:eu-repo/semantics/publishedVersion
dc.date.updated
2018-05-09T14:07:57Z
dc.journal.volume
50
dc.journal.pagination
298-307
dc.journal.pais
Países Bajos
dc.journal.ciudad
Amsterdam
dc.description.fil
Fil: Brei, Michael. Centre National de la Recherche Scientifique; Francia. The University of the West Indies; Trinidad y Tobago
dc.description.fil
Fil: Schclarek Curutchet, Alfredo. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Departamento de Economía; Argentina
dc.journal.title
Journal of Banking & Finance
dc.relation.alternativeid
info:eu-repo/semantics/altIdentifier/doi/http://dx.doi.org/10.1016/j.jbankfin.2014.03.038
dc.relation.alternativeid
info:eu-repo/semantics/altIdentifier/url/https://www.sciencedirect.com/science/article/pii/S0378426614001216
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