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State Financial Institutions : Mandates, Governance, and Beyond / Rudolph, Heinz P.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Rudolph, Heinz P.
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Access to Finance.
- Banking crises.
- Banking system.
- Bankruptcy and Resolution of Financial Distress.
- Banks and Banking Reform.
- Boards of directors.
- Commercial banks.
- Corporate Law.
- Debt Markets.
- Development banks.
- Emerging markets.
- Entrepreneurship.
- Finance and Financial Sector Development.
- Financial Institutions.
- Financial markets.
- Financial services.
- Financial Systems.
- Government intervention.
- Housing.
- Law and Development.
- Mandates.
- Municipalities.
- Private banks.
- Productivity.
- Regulatory framework.
- State owned banks.
- Technical assistance.
- Local Subjects:
- Access to Finance.
- Banking crises.
- Banking system.
- Bankruptcy and Resolution of Financial Distress.
- Banks and Banking Reform.
- Boards of directors.
- Commercial banks.
- Corporate Law.
- Debt Markets.
- Development banks.
- Emerging markets.
- Entrepreneurship.
- Finance and Financial Sector Development.
- Financial Institutions.
- Financial markets.
- Financial services.
- Financial Systems.
- Government intervention.
- Housing.
- Law and Development.
- Mandates.
- Municipalities.
- Private banks.
- Productivity.
- Regulatory framework.
- State owned banks.
- Technical assistance.
- Physical Description:
- 1 online resource (31 pages)
- Other Title:
- State Financial Institutions
- Place of Publication:
- Washington, D.C., The World Bank, 2009
- System Details:
- data file
- Summary:
- There is no doubt that on average the performance of state financial institutions around the world has been below the lowest expectations. Lack of governance, management skills, regulation, and transparency, and misguided incentives have contributed to discredit these institutions for supporting the development of local financial markets. However, the pro-active role that some state financial institutions have played in the recent crisis in allocating credit to sectors cyclically not attractive for commercial banks has brought back the question of whether some state ownership in the banking system would be preferable. This paper analyzes the experience of four state financial institutions that have performed relatively well in the past: Canada's Business Development Bank, Chile's BancoEstado, South Africa's Development Bank of Southern Africa, and Finland's Finnvera plc. The author finds that these institutions have different checks and balances to mitigate eventual mismanagement of resources. The author also finds that little progress has been made in measuring the policy performance of these institutions.
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