Does State Ownership of Banks Matter? : Russian Evidence from the Financial Crisis
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GANGOPADHYAY, SHUBHASIS JOURNAL OF EMERGING MARKET FINANCESummary: This article examines the effects of state ownership and government interventions on lending behaviour and capitalisation of banks over the period 2005–2011. Using data from the highly state-influenced Russian banking sector, it is documented that the relationship between state ownership and lending is nonlinear. While overall loan growth decreased and interest rates rose, it was found that fully state-controlled banks increased lending and charged lower interest rates during the crisis of 2008–2010. Moreover, fully state-owned and state-supported banks demonstrated counter-cyclical lending behaviour during the crisis. However, while state-owned banks were better protected against asset default, there is weak evidence to suggest that government interventions may result in increased riskiness of banks.
| Item type | Current library | Call number | Vol info | Status | Notes | Date due | Barcode | Item holds | |
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Journal Article
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Main Library | Vol 17, No 2/ 5559437JA5 (Browse shelf(Opens below)) | Available | 5559437JA5 | |||||
Journals and Periodicals
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Main Library On Display | JOURNAL/FIN/Vol 17, No 2/5559437 (Browse shelf(Opens below)) | Vol 17, No 2 (01/08/2018) | Not for loan | August, 2018 | 5559437 |
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This article examines the effects of state ownership and government interventions on lending behaviour and capitalisation of banks over the period 2005–2011. Using data from the highly state-influenced Russian banking sector, it is documented that the relationship between state ownership and lending is nonlinear. While overall loan growth decreased and interest rates rose, it was found that fully state-controlled banks increased lending and charged lower interest rates during the crisis of 2008–2010. Moreover, fully state-owned and state-supported banks demonstrated counter-cyclical lending behaviour during the crisis. However, while state-owned banks were better protected against asset default, there is weak evidence to suggest that government interventions may result in increased riskiness of banks.
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