Bank Ownership and Lending Behavior

16 Pages Posted: 10 Dec 2004

See all articles by Alejandro Micco

Alejandro Micco

University of Chile

Ugo Panizza

United Nations - Conference on Trade and Development (UNCTAD); Graduate Institute of International and Development Studies (IHEID)

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Abstract

This paper checks whether state-ownership of banks is correlated with ending behavior over the business cycle and finds that their lending is less responsive to macroeconomic shocks than the lending of private banks. The paper tests whether this is due to the presence of "lazy" public bank managers, and finds no evidence in support of this hypothesis.

Keywords: State-owned banks, credit cycle

JEL Classification: G21, H11, E44

Suggested Citation

Micco, Alejandro and Panizza, Ugo G., Bank Ownership and Lending Behavior. Available at SSRN: https://ssrn.com/abstract=629382 or http://dx.doi.org/10.2139/ssrn.629382

Alejandro Micco

University of Chile ( email )

Pío Nono Nº1, Providencia
Santiago, R. Metropolitana 7520421
Chile

Ugo G. Panizza (Contact Author)

United Nations - Conference on Trade and Development (UNCTAD) ( email )

Palais des Nations
Office E 8074
Geneva, 1211
Switzerland

Graduate Institute of International and Development Studies (IHEID) ( email )

PO Box 136
Geneva, CH-1211
Switzerland

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