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|Title:||Government ownership of banks, institutions and financial development|
|Keywords:||Regulation;Opportunistic banks;Institutional quality|
|Citation:||Journal of Development Economics 85(1-2): 218-252, Feb 2008|
|Abstract:||Using a suitably modified locational model of banking, we examine the influence of institutions, such as deposit contract enforcement, in explaining the share of previous termgovernmentnext term owned previous termbanksnext term in the banking system. We present cross-country evidence suggesting that institutional factors are relatively more important determinants of the share of state previous termbanksnext term than political or historical ones. We argue that rather than privatizing or subsidizing state previous termbanks governmentsnext term in developing countries should build institutions that foster the development of private banking.|
|Appears in Collections:||Economics and Finance|
Dept of Economics and Finance Research Papers
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