Do publicly owned banks lend against the wind? - HAL-SHS - Sciences de l'Homme et de la Société Accéder directement au contenu
Article Dans Une Revue International Journal of Central Banking Année : 2015

Do publicly owned banks lend against the wind?

Résumé

This paper investigates the lending pattern of state-owned banks over the business cycle. I take the endogeneity of public banking into account by including records on both privatizations and nationalizations during banking crises. I find that public bank lending is (i) significantly less cyclical except for low-income countries, (ii) asymmetric along the business cycle, (iii) heterogeneous across stages of economic development, and (iv) related to banks’ vulnerability on their funding side. Public banks reduce their lending less during economic downturns, but their ability to absorb negative shocks is marginally decreasing as the size of the shock increases.

Mots clés

Fichier principal
Vignette du fichier
2015_Duprey_International Journal of Central Banking_1.pdf (420.57 Ko) Télécharger le fichier
Origine : Fichiers éditeurs autorisés sur une archive ouverte
Loading...

Dates et versions

hal-02630038 , version 1 (27-05-2020)

Identifiants

  • HAL Id : hal-02630038 , version 1
  • PRODINRA : 312587

Citer

Thibaut Duprey. Do publicly owned banks lend against the wind?. International Journal of Central Banking, 2015, 11 (2), pp.65-112. ⟨hal-02630038⟩
186 Consultations
12 Téléchargements

Partager

Gmail Facebook X LinkedIn More