The Future Of State-owned Financial Institutions (World Bank/IMF/Brookings Emerging Market)
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Book Description
Research suggests that if the majority of a country's financial institutions are owned by the state, that country will experience slower financial development, less efficient financial systems, less private sector credit, and slower GDP growth. Yet more than 40 percent of the world's population live in countries in which public sector institutions dominate the banking system. In this volume, noted experts discuss the challenges presented by state-owned financial institutions and offer cross-disciplinary solutions for policymakers and banking regulators. Included are case studies exploring varying methods of privatization, such as initial public offerings, employee stock ownership plans, and strategic investors.
The Future of State-Owned Financial Institutions is a product of the sixth annual Financial Markets and Development conference organized by the World Bank, the International Monetary Fund, and the Brookings Institution.
About the Author
Gerard Caprio is director of the Operations Policy Department in the World Bank's Financial Sector Presidency.
Jonathan Fiechter is deputy director of the Monetary and Financial Systems Department at the International Monetary Fund.
Robert E. Litan is vice president for research and policy at the Kauffman Foundation in Kansas City. He is a senior fellow in the Economic Studies program at the Brookings Institution.
Michael Pomerleano is lead financial specialist in the Financial Sector Operations and Policy Department of the World Bank.
The Future Of State-owned Financial Institutions (World Bank/IMF/Brookings Emerging Market),Gerard Caprio,Jonathan L. Fiechter,Robert E. Litan,Michael Pomerleano,Brookings Institution Press,0815713355,Banks and banking,Business & Economics,Business / Economics / Finance,Business/Economics,Finance,Financial institutions,Government & Business,Government ownership,Privatization,Public Finance
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