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dc.titleBank Ownership and Lending Behavior
dc.contributor.authorMicco, Alejandro
dc.contributor.authorPanizza, Ugo
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.date.available2011-02-07T12:00:00
dc.date.issue2004-11-01T12:00:00
dc.description.abstractThis paper examines whether bank ownership (public versus private, domestic versus foreign) is correlated with bank lending behavior over the business cycle. The paper finds that state-owned banks may play a useful credit-smoothing role because their lending is less responsive to macroeconomic shocks than the lending of private banks. The paper investigates whether this differential behavior is due to an explicit objective of stabilizing credit or to the presence of "lazy" public bank managers; evidence is found in support of the former hypothesis. In the case of foreign-owned banks, the paper finds that the results are less clear-cut and argues that this finding is in line with existing theoretical models.
dc.identifier.doihttp://dx.doi.org/10.18235/0010836
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Bank-Ownership-and-Lending-Behavior.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectFinancial Sector
dc.subjectEconomy
dc.subject.keywordsWP-520
dc.typeWorking Papers
idb.identifier.pubnumberWorking Papers
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