E-mail alert  |  Contact  
Search:       Go  
Background  |   Sponsoring institutions  |   Editorial board   |   Advisory board   |   Associate editors
Call for papers  |   Submission guidelines  |   Editorial process
Current issue  |   Past issues  |  
March 2015 issue
List of authors
 
Bauer
Claussen, Rĝisland
Duprey
Tetlow
Riggi, Santoro
Park
Carpenter, Ihrig, Klee, Quinn, Boote
Kilponen, Laakkonen, Vilmunen
IJCB Home   Read the journal   Past issue
Past issues
2017
 
December
September
June
March
February
2016
 
December
September
June
March
2015
 
December
September
June
March
January
2014
 
December
September
June
March
2013
 
December
September
June
March
January
2012
 
December
September
June
March
January
2011
 
December
September
June
March
2010
 
December
September
June
March
2009
 
December
September
June
March
2008
 
December
September
June
March
2007
 
December
September
June
March
2006
 
December
September
June
March
2005
 
December
September
May

Do Publicly Owned Banks Lend Against the Wind?

by Thibaut Dupreya

Abstract

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.

JEL Codes: G21, G28, G32, H44.

 
Full article (PDF, 48 pages, 421 kb)


a Paris School of Economics and Banque de France