State-Owned Banks and Fiscal Discipline

State-Owned Banks and Fiscal Discipline
State-owned banks may help to soften the financing constraints of public sector entities and consequently become a factor that hampers fiscal discipline. Using a panel dataset, we find that a larger presence of state-owned banks in the banking system is associated with more credit to the public sector, larger fiscal deficits, higher public debt... READ MORE...

Publication date: October 2013
ISBN 9781484392805
$18.00

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