Publication:
State-owned Banks in the Transition : Origins, Evolution, and Policy Responses

dc.contributor.author Sherif, Khaled
dc.contributor.author Borish, Michael
dc.contributor.author Gross, Alexandra
dc.date.accessioned 2013-08-06T21:20:30Z
dc.date.available 2013-08-06T21:20:30Z
dc.date.issued 2003
dc.description.abstract Many of the distortions in poorly performing economies do not originate in the banking sector, but where state banks still control a large share of the resources in the banking system, they continue to pose a risk to macroeconomic and fiscal stability. State banks are typically vehicles for patronage that worsen the prospects for competitive market development. Alternatively, these state banks can be ineffective shells that fail to perform a useful intermediation role once the government imposes effective hard budget constraints and a modern supervisory system. The most problematic state banks have been agricultural and industrial banks, whose original role was to finance state farms and industrial enterprises that employed large numbers of people and served as the backbone of the socialist economic mode. Banks now show stronger growth in deposits and capital in many countries in Central and Eastern Europe and the Baltics, suggesting that these countries have put into place structures that have helped to restore confidence in banking systems among creditors, investors, and the public. Recommended strategies are that Governments need to design strategies to reduce state banking in order to help create a stable banking environment. Governments should take measures to improve the business environment as part of a broad overall strategy to strengthen the financial system and end state ownership of banks. Such measures include providing support to improve corporate governance, reform judicial systems, build registries of collateral, reinforce creditors' rights and contract enforcement, modernize accounting and auditing practices, reduce administrative obstacles to business registration, and modernize bankruptcy laws. en
dc.identifier http://documents.worldbank.org/curated/en/2003/01/6301203/state-owned-banks-transition-origins-evolution-policy-responses
dc.identifier.isbn 0-8213-5499-X
dc.identifier.uri http://hdl.handle.net/10986/14851
dc.language English
dc.language.iso en_US
dc.publisher Washington, DC: World Bank
dc.rights CC BY 3.0 IGO
dc.rights.holder World Bank
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo
dc.subject ACCOUNTING
dc.subject ACCOUNTS
dc.subject AGRICULTURAL OUTPUT
dc.subject AGRICULTURE
dc.subject BALANCE OF PAYMENTS
dc.subject BANK ASSETS
dc.subject BANK CAPITAL
dc.subject BANK LENDING
dc.subject BANK LOANS
dc.subject BANKING OPERATIONS
dc.subject BANKING SUPERVISION
dc.subject BANKING SYSTEMS
dc.subject BANKRUPTCY
dc.subject BANKS
dc.subject CAPITAL REQUIREMENTS
dc.subject CENTRAL BANK
dc.subject CENTRAL BANKS
dc.subject CENTRAL PLANNING
dc.subject CENTRALLY PLANNED ECONOMIES
dc.subject COLLATERAL
dc.subject COMMERCIAL BANKS
dc.subject COMPETITIVE MARKETS
dc.subject CONSUMER PRICE INDEX
dc.subject CONTRACT ENFORCEMENT
dc.subject CORPORATE GOVERNANCE
dc.subject DAMAGES
dc.subject DEBT
dc.subject DECENTRALIZATION
dc.subject DEMAND DEPOSITS
dc.subject DEPOSITS
dc.subject DEPRECIATION
dc.subject DOMESTIC CREDIT
dc.subject ECONOMIC GROWTH
dc.subject ECONOMIC PERFORMANCE
dc.subject ECONOMIC REFORM
dc.subject ECONOMIC STRUCTURE
dc.subject EMERGING MARKETS
dc.subject EXPORT FINANCING
dc.subject FINANCIAL CRISIS
dc.subject FINANCIAL INFORMATION
dc.subject FINANCIAL INSTITUTIONS
dc.subject FINANCIAL INTERMEDIATION
dc.subject FINANCIAL SECTOR
dc.subject FINANCIAL SECTOR REFORM
dc.subject FINANCIAL SYSTEMS
dc.subject FISCAL DEFICITS
dc.subject FISCAL POLICIES
dc.subject FOREIGN BANKS
dc.subject FOREIGN EXCHANGE
dc.subject GDP
dc.subject GOVERNMENT POLICIES
dc.subject HARD BUDGET CONSTRAINTS
dc.subject HOUSING
dc.subject INFLATION
dc.subject INFLATION RATE
dc.subject INFLATION RATES
dc.subject INTEREST RATES
dc.subject JOINT STOCK COMPANIES
dc.subject JUDICIAL SYSTEMS
dc.subject LAWS
dc.subject LEASING
dc.subject LEGISLATION
dc.subject LIQUIDITY
dc.subject LIQUIDITY SHORTAGES
dc.subject MACROECONOMIC STABILITY
dc.subject MONETARY INDICATORS
dc.subject MONETARY POLICY
dc.subject MONETARY SYSTEMS
dc.subject OWNERSHIP STRUCTURE
dc.subject PER CAPITA INCOME
dc.subject PORTFOLIOS
dc.subject PRIVATIZATION
dc.subject PUBLIC ENTERPRISES
dc.subject PURCHASING POWER
dc.subject RECAPITALIZATION
dc.subject SAVINGS
dc.subject SECURITIES
dc.subject SHAREHOLDERS
dc.subject SOLVENCY
dc.subject SPECIALIZED BANKS
dc.subject STATE BANKS
dc.subject STATE ENTERPRISES
dc.subject STATE OWNERSHIP
dc.subject STRUCTURAL CHANGE
dc.subject TECHNICAL ASSISTANCE
dc.subject TOTAL OUTPUT
dc.subject TRANSACTION COSTS
dc.subject TRANSITION ECONOMIES
dc.subject TRANSPORT
dc.subject TREASURY BILLS
dc.subject TURNOVER TAXES
dc.subject UNEMPLOYMENT
dc.subject VALUATION
dc.title State-owned Banks in the Transition : Origins, Evolution, and Policy Responses en
dspace.entity.type Publication
okr.doctype Publications & Research :: Publication
okr.doctype Publications & Research :: Publication
okr.docurl http://documents.worldbank.org/curated/en/2003/01/6301203/state-owned-banks-transition-origins-evolution-policy-responses
okr.globalpractice Social, Urban, Rural and Resilience
okr.globalpractice Macroeconomics and Fiscal Management
okr.globalpractice Governance
okr.globalpractice Finance and Markets
okr.globalpractice Governance
okr.globalpractice Finance and Markets
okr.identifier.externaldocumentum 000011823_20050921164237
okr.identifier.internaldocumentum 6301203
okr.identifier.report 25832
okr.language.supported en
okr.pdfurl http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2005/09/21/000011823_20050921164237/Rendered/PDF/258320State1banks1Final1022803.pdf en
okr.region.administrative Europe and Central Asia
okr.sector (Historic)Sector not applicable
okr.sector (Historic)Sector not applicable
okr.topic Economic Theory and Research
okr.topic Finance and Financial Sector Development :: Financial Intermediation
okr.topic Law and Development :: Banking Law
okr.topic Financial Crisis Management and Restructuring
okr.topic Urban Development :: Municipal Financial Management
okr.topic Macroeconomics and Economic Growth
okr.unit Private/Financial Sectors Devt (ECSPF)
okr.volume 1 of 1
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