State bank transformation in Brazil: choices and consequences

"The authors analyze the different options-liquidation, federalization, privatization, and restructuring-that the Brazilian state government had for the transformation of state banks under the Programa de Incentivo á Redu袯 do Setor Público Estadual na Atividade Bancária (PROES) in the late 1990...

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Hauptverfasser: Beck, Thorsten 1967- (VerfasserIn), Crivelli, Juan Miguel (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: [Washington, D.C] World Bank 2005
Schriftenreihe:Policy research working paper 3619
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Zusammenfassung:"The authors analyze the different options-liquidation, federalization, privatization, and restructuring-that the Brazilian state government had for the transformation of state banks under the Programa de Incentivo á Redu袯 do Setor Público Estadual na Atividade Bancária (PROES) in the late 1990s. Specifically, they explore the factors behind the states' choices and the effects of the transformation process on bank performance and efficiency. The authors find that states that were more dependent on federal transfers, whose banks were already under federal intervention and that established development agencies were more likely to relinquish control over their banks and transformation processes. They also find that privatized banks had improved performance, while restructured banks did not. "--World Bank web site
Beschreibung:Includes bibliographical references. - Title from PDF file as viewed on 6/2/2005
Erscheinungsjahr in Vorlageform:[2005]
Weitere Ausgabe: Beck, Thorsten : State bank transformation in Brazil
Beschreibung:1 Online-Ressource (45 Seiten)