Revisiting the Stabilization Role of Public Banks: Public Debt Matters

Revisiting the Stabilization Role of Public Banks: Public Debt Matters
This paper revisits the stabilization role of public banks and analyzes whether weak public finances may hinder this role. During the global financial crisis (GFC), public banks were widely used to counter the private credit crunch and prop up the economy. Using cross-country bank-level data for 125 advanced and developing economies for 1999–... READ MORE...

Publication date: January 2021
ISBN 9781513566788
$18.00

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