Bank Ownership and Credit over the Business Cycle : Is Lending by State Banks Less Procyclical? /
This paper finds that lending by state banks is less procyclical than lending by private banks, especially in countries with good governance. Lending by state banks in high-income countries is even countercyclical. On the liability side, state banks expand potentially unstable non-deposit liabilitie...
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Other Authors: | , |
Format: | Book |
Language: | English |
Published: |
Washington, D.C.,
The World Bank,
2012
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Series: | Policy research working papers
World Bank e-Library |
Subjects: |