Is there a bright side to government banks? Evidence from the global financial crisis

Yan Shing Chen, Yehning Chen, Chih-Yung Lin*, Zenu Sharma

*此作品的通信作者

研究成果: Article同行評審

26 引文 斯高帕斯(Scopus)

摘要

Using a sample of banks from 56 countries, this paper investigates the lending behavior of government banks during the crisis of 2008, and its association with bank performance and the economy. Contrary to the traditional wisdom, we find that government banks can play a beneficial role under certain circumstances. Government banks have higher loan growth rates than private banks during the crisis. In countries with low corruption, the increased lending by government banks is associated with better bank performance and more favorable GDP and employment growth in the crisis period. In contrast, the results for countries with high corruption are more consistent with the political view: the increased lending by government banks is associated with underperformance relative to private banks, and creates no beneficial effects on either GDP growth or employment.

原文English
頁(從 - 到)128-143
頁數16
期刊Journal of Financial Stability
26
DOIs
出版狀態Published - 1 10月 2016

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