Banking Systems Around the Globe: Do Regulation and Ownership Affect Performance and Stability?
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington, D.C
The World Bank
1999
|
| Subjects: | |
| Links: | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2325 |
| Physical Description: | 1 Online-Ressource (66 Seiten) |
Staff View
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| 300 | |a 1 Online-Ressource (66 Seiten) | ||
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| 520 | 1 | |a April 2000 - Empirical results highlight the downside of imposing certain regulatory restrictions on commercial bank activities. Regulations that restrict banks' ability to engage in securities activities and to own nonfinancial firms are closely associated with more instability in the banking sector. And keeping commercial banks from engaging in investment banking, insurance, and real estate activities does not appear to produce positive benefits. Barth, Caprio, and Levine report cross-country data on commercial bank regulation and ownership in more than 60 countries. They evaluate the links between different regulatory/ownership practices in those countries and both financial sector performance and banking system stability. They document substantial variation in response to these questions: Should it be public policy to limit the powers of commercial banks to engage in securities, insurance, and real estate activities? Should the mixing of banking and commerce be restricted by regulating commercial bank's ownership of nonfinancial firms and nonfinancial firms' ownership of commercial banks? Should states own commercial banks, or should those banks be privatized? They find: · There is no reliable statistical relationship between restrictions on commercial banks' ability to engage in securities, insurance, and real estate transactions and a) how well-developed the banking sector is, b) how well-developed securities markets and nonbank financial intermediaries are, or c) the degree of industrial competition. Based on the evidence, it is difficult to argue confidently that restricting commercial banking activities benefits - or harms - the development of financial and securities markets or industrial competition. | |
| 520 | 1 | |a [Fortsetzung 1. Abstract] There are no positive effects from mixing banking and commerce. · Countries that more tightly restrict and regulate the securities activities of commercial banks are substantially more likely to suffer a major banking crisis. Countries whose national regulations inhibit banks' ability to engage in securities underwriting, brokering, and dealing - and all aspects of the mutual fund business - tend to have more fragile financial systems. · The mixing of banking and commerce is associated with less financial stability. The evidence does not support admonitions to restrict the mixing of banking and commerce because mixing them will increase financial fragility. · On average, greater state ownership of banks tends to be associated with more poorly developed banks, nonbanks, and stock markets and more poorly functioning financial systems. This paper - a product of Finance, Development Research Group - is part of a larger effort in the group to examine the effects of financial sector regulation. The authors may be contacted at jbarth@business.auburn.edu, gcaprio@worldbank.org, or rlevine@csom.umn.edu | |
| 534 | |c 1999 | ||
| 653 | |a Bank | ||
| 653 | |a Banking | ||
| 653 | |a Banking Crises | ||
| 653 | |a Banking Reform | ||
| 653 | |a Banking Sector | ||
| 653 | |a Banking Sector Development | ||
| 653 | |a Banking System | ||
| 653 | |a Banking Systems | ||
| 653 | |a Banks and Banking Reform | ||
| 653 | |a Commercial Banks | ||
| 653 | |a Debt Markets | ||
| 653 | |a Emerging Markets | ||
| 653 | |a Finance | ||
| 653 | |a Finance and Financial Sector Development | ||
| 653 | |a Financial Crises | ||
| 653 | |a Financial Crisis Management and Restructuring | ||
| 653 | |a Financial Intermediation | ||
| 653 | |a Financial Literacy | ||
| 653 | |a Financial Stability | ||
| 653 | |a Financial Systems | ||
| 653 | |a Governments | ||
| 653 | |a Industry | ||
| 653 | |a Insurance | ||
| 653 | |a Investment Banking | ||
| 653 | |a Markets | ||
| 653 | |a Private Sector Development | ||
| 653 | |a Projects | ||
| 653 | |a Public Policy | ||
| 700 | 1 | |a Caprio, Gerard |e Verfasser |0 (DE-588)128903163 |4 aut | |
| 700 | 1 | |a Barth, James R. |d 1943-2023 |e Verfasser |0 (DE-588)124552242 |4 aut | |
| 776 | 0 | 8 | |i Reproduktion von |a Levine, Ross |t Banking Systems Around the Globe |d 1999 |
| 856 | 4 | 0 | |u http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2325 |x Verlag |z URL des Erstveröffentlichers |3 Volltext |
| 912 | |a ZDB-1-WBA | ||
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-025444463 | |
Record in the Search Index
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| author | Levine, Ross 1960- Caprio, Gerard Barth, James R. 1943-2023 |
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| author_facet | Levine, Ross 1960- Caprio, Gerard Barth, James R. 1943-2023 |
| author_role | aut aut aut |
| author_sort | Levine, Ross 1960- |
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| illustrated | Not Illustrated |
| indexdate | 2025-01-21T17:00:34Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-025444463 |
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| physical | 1 Online-Ressource (66 Seiten) |
| psigel | ZDB-1-WBA |
| publishDate | 1999 |
| publishDateSearch | 1999 |
| publishDateSort | 1999 |
| publisher | The World Bank |
| record_format | marc |
| spellingShingle | Levine, Ross 1960- Caprio, Gerard Barth, James R. 1943-2023 Banking Systems Around the Globe Do Regulation and Ownership Affect Performance and Stability? |
| title | Banking Systems Around the Globe Do Regulation and Ownership Affect Performance and Stability? |
| title_auth | Banking Systems Around the Globe Do Regulation and Ownership Affect Performance and Stability? |
| title_exact_search | Banking Systems Around the Globe Do Regulation and Ownership Affect Performance and Stability? |
| title_full | Banking Systems Around the Globe Do Regulation and Ownership Affect Performance and Stability? Levine, Ross |
| title_fullStr | Banking Systems Around the Globe Do Regulation and Ownership Affect Performance and Stability? Levine, Ross |
| title_full_unstemmed | Banking Systems Around the Globe Do Regulation and Ownership Affect Performance and Stability? Levine, Ross |
| title_short | Banking Systems Around the Globe |
| title_sort | banking systems around the globe do regulation and ownership affect performance and stability |
| title_sub | Do Regulation and Ownership Affect Performance and Stability? |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2325 |
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