State bank transformation in Brazil - choices and consequences

By Thorsten Beck, Juan Miguel Crivelli, W. Summerhill. 2005

117 citations recorded by the source corpus.

The authors analyze the different options-liquidation, federalization, privatization, and restructuring-that the Brazilian state government had for the transformation of state banks under the Programa de Incentivo a Reducao do Setor Publico Estadual na Atividade Bancaria (PROES) in the late 1990s. Specifically, they explore the factors behind the states' choices and the effects of the transformation process on bank performance and efficiency. The authors find that states that were more dependent on federal transfers, whose banks were already under federal intervention and that established development agencies were more likely to relinquish control over their banks and transformation processes. They also find that privatized banks had improved performance, while restructured banks did not.

Subfields: Economics and Econometrics, Finance, Political Science and International Relations

View Paper: https://www.semanticscholar.org/paper/6f411f780de5924210f93ac856ee30f1cae31fdf

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Citations in the corpus

Evolution of bank efficiency in Brazil: A DEA approach (2010, background): “To evaluate the impact of banking system reforms in Brazil, Beck et al. (2005) evaluate how the choice among privatization, federalization and restructuring was made and assessing the impact of it on bank performance.”
Bank Privatization and Productivity: Evidence for Brazil (2005, unknown): “(2003) for Argentina, Beck, Crivelli, and Summerhill (2003) for Brazil, Beck, Cull, and Jerome (2003) for Nigeria, Haber and Kantor (2003) for Mexico, Omran (2003) for Egypt, and Bonaccorsi di Patti and Hardy (2003) for Pakistan.”
The Role of Finance in Economic Development: Benefits, Risks, and Politics (2011, background): “…of the Real Plan in 1994 that terminated the long-running inflationary tradition prevented the government from bailing out banks owned by individual states, as it had done several times earlier, and thus forced a complete restructuring of these institutions (Beck, Crivelli, and Summerhill, 2005).”
Financial sector liberalization, bank privatization, and efficiency: Evidence from Pakistan (2005, background): “Privatization tends to be followed by some performance improvements, both in developing (Nakane and Weintraub, 2005; Beck et al., 2005; Haber and Kantor, 2005) and developed countries (e.g. Owens et al., 2000).”
Bank ownership reform and bank performance in China. (2009, methodology): “(2005), Brazil by Beck et al. (2005a), Nigeria by Beck et al. (2005b), and South East Asia by Williams and Nguyen (2005). The static dummy variables identify those banks that have not faced any change in ownership over the sample period.”
CORPORATE GOVERNANCE OF BANKS: A SURVEY (2016, unknown): “The beneficial effects of privatization on bank performance are documented for both emerging and transi ion economies (Beck et al., 2005; Bonin et al., 2005; Haber, 2005; Nguyen and Williams, 2005), as well as for developed economies (Verbrugge t al., 2000).28 Some studies have examined government…”
Corporate Governance and Bank Performance: A Joint Analysis of the Static, Selection, and Dynamic Effects of Domestic, Foreign, and State Ownership (2005, unknown): “Others studies of individual nations – including Brazil (Beck, Crivelli, and Summerhill 2005, Nakane and Bauhmol-Weintraub 2005), Mexico (Haber 2005), Nigeria (Beck, Cull, and Jerome 2005), and Pakistan (Bonaccorsi di Patti and Hardy 2005) – generally find that at least one bank performance measure…”