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dc.contributor.author
Brei, Michael
dc.contributor.author
Schclarek Curutchet, Alfredo
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dc.date.available
2017-09-27T15:43:48Z
dc.date.issued
2013-01
dc.identifier.citation
Brei, Michael; Schclarek Curutchet, Alfredo; Public bank lending in times of crisis; Elsevier Science; Journal of Financial Stability; 9; 4; 1-2013; 820-830
dc.identifier.issn
1572-3089
dc.identifier.uri
http://hdl.handle.net/11336/25217
dc.description.abstract
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.
dc.format
application/pdf
dc.language.iso
eng
dc.publisher
Elsevier Science
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dc.rights
info:eu-repo/semantics/openAccess
dc.rights.uri
https://creativecommons.org/licenses/by-nc-nd/2.5/ar/
dc.subject
Bancos Publicos
dc.subject
Crisis
dc.subject
Creditos
dc.subject
Bancos Privados
dc.subject.classification
Otras Economía y Negocios
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dc.subject.classification
Economía y Negocios
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dc.subject.classification
CIENCIAS SOCIALES
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dc.title
Public bank lending 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
2017-09-27T15:23:21Z
dc.journal.volume
9
dc.journal.number
4
dc.journal.pagination
820-830
dc.journal.pais
Países Bajos
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dc.journal.ciudad
Amsterdam
dc.description.fil
Fil: Brei, Michael. Universite Paris Ouest Nanterre la Defense; Francia
dc.description.fil
Fil: Schclarek Curutchet, Alfredo. Universidad Nacional de Córdoba; Argentina. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina
dc.journal.title
Journal of Financial Stability
dc.relation.alternativeid
info:eu-repo/semantics/altIdentifier/doi/http://dx.doi.org/10.1016/j.jfs.2013.01.002
dc.relation.alternativeid
info:eu-repo/semantics/altIdentifier/url/http://www.sciencedirect.com/science/article/pii/S157230891300003X
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