Bank Ownership and Credit over the Business Cycle : Is Lending by State Banks Less Procyclical?
This paper finds that lending by state banks is less procyclical than lending by private banks, especially in countries with good governance. Lending by state banks in high-income countries is even countercyclical. On the liability side, state banks expand potentially unstable non-deposit liabilities relatively little during booms, especially in countries with good governance. Public banks also report loan non-performance more evenly over the business cycle. Overall the results of the analysis suggest that state banks can play a useful role in stabilizing credit over the business cycle as well as during periods of financial instability. However, the track record of state banks in credit allocation remains quite poor, questioning the wisdom of using state banks as a short-term countercyclical tool.
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dig-okr-10986199362021-04-23T14:03:52Z Bank Ownership and Credit over the Business Cycle : Is Lending by State Banks Less Procyclical? Bertay, Ata Can Demirguc-Kunt, Asli Huizinga, Harry ACCOUNTING ASSET QUALITY ASSETS OF STATE BALANCE SHEETS BANK ASSETS BANK CREDIT BANK INTERMEDIATION BANK LENDING BANK LOANS BANK REGULATION BANK SUPERVISION BANKING CRISES BANKING CRISIS BANKING RELATIONSHIPS BANKING SECTOR BANKING SECTOR OUTREACH BANKING SERVICES BANKING SYSTEMS BOND BUSINESS CYCLE BUSINESS CYCLES CAPITAL REQUIREMENTS CDS CHECKS CIVIL SERVICE COMMERCIAL BANKS CONSOLIDATION COOPERATIVE BANK CORPORATE GOVERNANCE CREDIBILITY CREDIT ALLOCATION CREDIT EXPANSION CREDIT GROWTH CREDIT RISK DEPENDENT DEPOSIT DEPOSIT LIABILITIES DEPOSITS DEVELOPING COUNTRIES DEVELOPMENT POLICY DOMESTIC BANK DOMESTIC BANKS DUMMY VARIABLE DUMMY VARIABLES ECONOMETRICS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC OUTCOMES EMERGING ECONOMIES EMERGING MARKET EMERGING MARKETS EMERGING STOCK MARKET ENDOGENOUS VARIABLES EQUITY LOANS ESTATE EXCHANGE RATE FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL INSTABILITY FINANCIAL INTERMEDIATION FINANCIAL STATEMENTS FOREIGN BANK FOREIGN BANKS FOREIGN OWNERSHIP FOREIGN OWNERSHIPS FUNDING SOURCE GDP GDP DEFLATOR GDP PER CAPITA GLOBAL BANKING GOOD GOVERNANCE GOVERNMENT BANK GOVERNMENT BANKS GOVERNMENT BUREAUCRACY GOVERNMENT OWNERSHIP GREATER CREDIT RISK GROWTH RATE INCOME INCOME GROUP INCOME GROWTH INEFFICIENCY INFLATION INTEREST EXPENSE INTERMEDIATION SPREADS INTERNATIONAL BANK INTERNATIONAL BANKS INTERNATIONAL FINANCIAL STATISTICS LIABILITY LIABILITY SIDE LIQUID ASSETS LIQUIDITY LOAN LOAN LOSS LOAN LOSS PROVISIONING LOAN LOSS PROVISIONS LOAN QUALITY LOAN RATIO LOCAL CURRENCY LONG-TERM LIABILITIES MACROECONOMIC CONTROLS MONETARY FUND MONETARY POLICY MORTGAGE NON-PERFORMING LOANS NONPERFORMANCE NUMBER OF BANKS OWNERSHIP STRUCTURE OWNERSHIP STRUCTURES POSITIVE COEFFICIENT POSITIVE COEFFICIENTS PRIVATE BANK PRIVATE BANKS PRIVATIZATION PROFITABILITY PRUDENTIAL SUPERVISION PUBLIC BANKS PUBLIC SERVICES REAL ESTATE REAL GDP REAL INCOME RECESSIONS RISK PROFILE SAVINGS SAVINGS BANK SAVINGS BANKS SHARE OF ASSETS STATE BANK STATE BANKING STATE BANKS SUBSIDIARIES T-BILL T-BILL RATE This paper finds that lending by state banks is less procyclical than lending by private banks, especially in countries with good governance. Lending by state banks in high-income countries is even countercyclical. On the liability side, state banks expand potentially unstable non-deposit liabilities relatively little during booms, especially in countries with good governance. Public banks also report loan non-performance more evenly over the business cycle. Overall the results of the analysis suggest that state banks can play a useful role in stabilizing credit over the business cycle as well as during periods of financial instability. However, the track record of state banks in credit allocation remains quite poor, questioning the wisdom of using state banks as a short-term countercyclical tool. 2014-09-02T19:24:26Z 2014-09-02T19:24:26Z 2012-06 http://documents.worldbank.org/curated/en/2012/06/16447559/bank-ownership-credit-over-business-cycle-lending-state-banks-less-procyclical http://hdl.handle.net/10986/19936 English en_US Policy Research Working Paper;No. 6110 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research |
| institution |
Banco Mundial |
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| country |
Estados Unidos |
| countrycode |
US |
| component |
Bibliográfico |
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En linea |
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biblioteca |
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America del Norte |
| libraryname |
Biblioteca del Banco Mundial |
| language |
English en_US |
| topic |
ACCOUNTING ASSET QUALITY ASSETS OF STATE BALANCE SHEETS BANK ASSETS BANK CREDIT BANK INTERMEDIATION BANK LENDING BANK LOANS BANK REGULATION BANK SUPERVISION BANKING CRISES BANKING CRISIS BANKING RELATIONSHIPS BANKING SECTOR BANKING SECTOR OUTREACH BANKING SERVICES BANKING SYSTEMS BOND BUSINESS CYCLE BUSINESS CYCLES CAPITAL REQUIREMENTS CDS CHECKS CIVIL SERVICE COMMERCIAL BANKS CONSOLIDATION COOPERATIVE BANK CORPORATE GOVERNANCE CREDIBILITY CREDIT ALLOCATION CREDIT EXPANSION CREDIT GROWTH CREDIT RISK DEPENDENT DEPOSIT DEPOSIT LIABILITIES DEPOSITS DEVELOPING COUNTRIES DEVELOPMENT POLICY DOMESTIC BANK DOMESTIC BANKS DUMMY VARIABLE DUMMY VARIABLES ECONOMETRICS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC OUTCOMES EMERGING ECONOMIES EMERGING MARKET EMERGING MARKETS EMERGING STOCK MARKET ENDOGENOUS VARIABLES EQUITY LOANS ESTATE EXCHANGE RATE FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL INSTABILITY FINANCIAL INTERMEDIATION FINANCIAL STATEMENTS FOREIGN BANK FOREIGN BANKS FOREIGN OWNERSHIP FOREIGN OWNERSHIPS FUNDING SOURCE GDP GDP DEFLATOR GDP PER CAPITA GLOBAL BANKING GOOD GOVERNANCE GOVERNMENT BANK GOVERNMENT BANKS GOVERNMENT BUREAUCRACY GOVERNMENT OWNERSHIP GREATER CREDIT RISK GROWTH RATE INCOME INCOME GROUP INCOME GROWTH INEFFICIENCY INFLATION INTEREST EXPENSE INTERMEDIATION SPREADS INTERNATIONAL BANK INTERNATIONAL BANKS INTERNATIONAL FINANCIAL STATISTICS LIABILITY LIABILITY SIDE LIQUID ASSETS LIQUIDITY LOAN LOAN LOSS LOAN LOSS PROVISIONING LOAN LOSS PROVISIONS LOAN QUALITY LOAN RATIO LOCAL CURRENCY LONG-TERM LIABILITIES MACROECONOMIC CONTROLS MONETARY FUND MONETARY POLICY MORTGAGE NON-PERFORMING LOANS NONPERFORMANCE NUMBER OF BANKS OWNERSHIP STRUCTURE OWNERSHIP STRUCTURES POSITIVE COEFFICIENT POSITIVE COEFFICIENTS PRIVATE BANK PRIVATE BANKS PRIVATIZATION PROFITABILITY PRUDENTIAL SUPERVISION PUBLIC BANKS PUBLIC SERVICES REAL ESTATE REAL GDP REAL INCOME RECESSIONS RISK PROFILE SAVINGS SAVINGS BANK SAVINGS BANKS SHARE OF ASSETS STATE BANK STATE BANKING STATE BANKS SUBSIDIARIES T-BILL T-BILL RATE ACCOUNTING ASSET QUALITY ASSETS OF STATE BALANCE SHEETS BANK ASSETS BANK CREDIT BANK INTERMEDIATION BANK LENDING BANK LOANS BANK REGULATION BANK SUPERVISION BANKING CRISES BANKING CRISIS BANKING RELATIONSHIPS BANKING SECTOR BANKING SECTOR OUTREACH BANKING SERVICES BANKING SYSTEMS BOND BUSINESS CYCLE BUSINESS CYCLES CAPITAL REQUIREMENTS CDS CHECKS CIVIL SERVICE COMMERCIAL BANKS CONSOLIDATION COOPERATIVE BANK CORPORATE GOVERNANCE CREDIBILITY CREDIT ALLOCATION CREDIT EXPANSION CREDIT GROWTH CREDIT RISK DEPENDENT DEPOSIT DEPOSIT LIABILITIES DEPOSITS DEVELOPING COUNTRIES DEVELOPMENT POLICY DOMESTIC BANK DOMESTIC BANKS DUMMY VARIABLE DUMMY VARIABLES ECONOMETRICS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC OUTCOMES EMERGING ECONOMIES EMERGING MARKET EMERGING MARKETS EMERGING STOCK MARKET ENDOGENOUS VARIABLES EQUITY LOANS ESTATE EXCHANGE RATE FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL INSTABILITY FINANCIAL INTERMEDIATION FINANCIAL STATEMENTS FOREIGN BANK FOREIGN BANKS FOREIGN OWNERSHIP FOREIGN OWNERSHIPS FUNDING SOURCE GDP GDP DEFLATOR GDP PER CAPITA GLOBAL BANKING GOOD GOVERNANCE GOVERNMENT BANK GOVERNMENT BANKS GOVERNMENT BUREAUCRACY GOVERNMENT OWNERSHIP GREATER CREDIT RISK GROWTH RATE INCOME INCOME GROUP INCOME GROWTH INEFFICIENCY INFLATION INTEREST EXPENSE INTERMEDIATION SPREADS INTERNATIONAL BANK INTERNATIONAL BANKS INTERNATIONAL FINANCIAL STATISTICS LIABILITY LIABILITY SIDE LIQUID ASSETS LIQUIDITY LOAN LOAN LOSS LOAN LOSS PROVISIONING LOAN LOSS PROVISIONS LOAN QUALITY LOAN RATIO LOCAL CURRENCY LONG-TERM LIABILITIES MACROECONOMIC CONTROLS MONETARY FUND MONETARY POLICY MORTGAGE NON-PERFORMING LOANS NONPERFORMANCE NUMBER OF BANKS OWNERSHIP STRUCTURE OWNERSHIP STRUCTURES POSITIVE COEFFICIENT POSITIVE COEFFICIENTS PRIVATE BANK PRIVATE BANKS PRIVATIZATION PROFITABILITY PRUDENTIAL SUPERVISION PUBLIC BANKS PUBLIC SERVICES REAL ESTATE REAL GDP REAL INCOME RECESSIONS RISK PROFILE SAVINGS SAVINGS BANK SAVINGS BANKS SHARE OF ASSETS STATE BANK STATE BANKING STATE BANKS SUBSIDIARIES T-BILL T-BILL RATE |
| spellingShingle |
ACCOUNTING ASSET QUALITY ASSETS OF STATE BALANCE SHEETS BANK ASSETS BANK CREDIT BANK INTERMEDIATION BANK LENDING BANK LOANS BANK REGULATION BANK SUPERVISION BANKING CRISES BANKING CRISIS BANKING RELATIONSHIPS BANKING SECTOR BANKING SECTOR OUTREACH BANKING SERVICES BANKING SYSTEMS BOND BUSINESS CYCLE BUSINESS CYCLES CAPITAL REQUIREMENTS CDS CHECKS CIVIL SERVICE COMMERCIAL BANKS CONSOLIDATION COOPERATIVE BANK CORPORATE GOVERNANCE CREDIBILITY CREDIT ALLOCATION CREDIT EXPANSION CREDIT GROWTH CREDIT RISK DEPENDENT DEPOSIT DEPOSIT LIABILITIES DEPOSITS DEVELOPING COUNTRIES DEVELOPMENT POLICY DOMESTIC BANK DOMESTIC BANKS DUMMY VARIABLE DUMMY VARIABLES ECONOMETRICS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC OUTCOMES EMERGING ECONOMIES EMERGING MARKET EMERGING MARKETS EMERGING STOCK MARKET ENDOGENOUS VARIABLES EQUITY LOANS ESTATE EXCHANGE RATE FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL INSTABILITY FINANCIAL INTERMEDIATION FINANCIAL STATEMENTS FOREIGN BANK FOREIGN BANKS FOREIGN OWNERSHIP FOREIGN OWNERSHIPS FUNDING SOURCE GDP GDP DEFLATOR GDP PER CAPITA GLOBAL BANKING GOOD GOVERNANCE GOVERNMENT BANK GOVERNMENT BANKS GOVERNMENT BUREAUCRACY GOVERNMENT OWNERSHIP GREATER CREDIT RISK GROWTH RATE INCOME INCOME GROUP INCOME GROWTH INEFFICIENCY INFLATION INTEREST EXPENSE INTERMEDIATION SPREADS INTERNATIONAL BANK INTERNATIONAL BANKS INTERNATIONAL FINANCIAL STATISTICS LIABILITY LIABILITY SIDE LIQUID ASSETS LIQUIDITY LOAN LOAN LOSS LOAN LOSS PROVISIONING LOAN LOSS PROVISIONS LOAN QUALITY LOAN RATIO LOCAL CURRENCY LONG-TERM LIABILITIES MACROECONOMIC CONTROLS MONETARY FUND MONETARY POLICY MORTGAGE NON-PERFORMING LOANS NONPERFORMANCE NUMBER OF BANKS OWNERSHIP STRUCTURE OWNERSHIP STRUCTURES POSITIVE COEFFICIENT POSITIVE COEFFICIENTS PRIVATE BANK PRIVATE BANKS PRIVATIZATION PROFITABILITY PRUDENTIAL SUPERVISION PUBLIC BANKS PUBLIC SERVICES REAL ESTATE REAL GDP REAL INCOME RECESSIONS RISK PROFILE SAVINGS SAVINGS BANK SAVINGS BANKS SHARE OF ASSETS STATE BANK STATE BANKING STATE BANKS SUBSIDIARIES T-BILL T-BILL RATE ACCOUNTING ASSET QUALITY ASSETS OF STATE BALANCE SHEETS BANK ASSETS BANK CREDIT BANK INTERMEDIATION BANK LENDING BANK LOANS BANK REGULATION BANK SUPERVISION BANKING CRISES BANKING CRISIS BANKING RELATIONSHIPS BANKING SECTOR BANKING SECTOR OUTREACH BANKING SERVICES BANKING SYSTEMS BOND BUSINESS CYCLE BUSINESS CYCLES CAPITAL REQUIREMENTS CDS CHECKS CIVIL SERVICE COMMERCIAL BANKS CONSOLIDATION COOPERATIVE BANK CORPORATE GOVERNANCE CREDIBILITY CREDIT ALLOCATION CREDIT EXPANSION CREDIT GROWTH CREDIT RISK DEPENDENT DEPOSIT DEPOSIT LIABILITIES DEPOSITS DEVELOPING COUNTRIES DEVELOPMENT POLICY DOMESTIC BANK DOMESTIC BANKS DUMMY VARIABLE DUMMY VARIABLES ECONOMETRICS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC OUTCOMES EMERGING ECONOMIES EMERGING MARKET EMERGING MARKETS EMERGING STOCK MARKET ENDOGENOUS VARIABLES EQUITY LOANS ESTATE EXCHANGE RATE FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL INSTABILITY FINANCIAL INTERMEDIATION FINANCIAL STATEMENTS FOREIGN BANK FOREIGN BANKS FOREIGN OWNERSHIP FOREIGN OWNERSHIPS FUNDING SOURCE GDP GDP DEFLATOR GDP PER CAPITA GLOBAL BANKING GOOD GOVERNANCE GOVERNMENT BANK GOVERNMENT BANKS GOVERNMENT BUREAUCRACY GOVERNMENT OWNERSHIP GREATER CREDIT RISK GROWTH RATE INCOME INCOME GROUP INCOME GROWTH INEFFICIENCY INFLATION INTEREST EXPENSE INTERMEDIATION SPREADS INTERNATIONAL BANK INTERNATIONAL BANKS INTERNATIONAL FINANCIAL STATISTICS LIABILITY LIABILITY SIDE LIQUID ASSETS LIQUIDITY LOAN LOAN LOSS LOAN LOSS PROVISIONING LOAN LOSS PROVISIONS LOAN QUALITY LOAN RATIO LOCAL CURRENCY LONG-TERM LIABILITIES MACROECONOMIC CONTROLS MONETARY FUND MONETARY POLICY MORTGAGE NON-PERFORMING LOANS NONPERFORMANCE NUMBER OF BANKS OWNERSHIP STRUCTURE OWNERSHIP STRUCTURES POSITIVE COEFFICIENT POSITIVE COEFFICIENTS PRIVATE BANK PRIVATE BANKS PRIVATIZATION PROFITABILITY PRUDENTIAL SUPERVISION PUBLIC BANKS PUBLIC SERVICES REAL ESTATE REAL GDP REAL INCOME RECESSIONS RISK PROFILE SAVINGS SAVINGS BANK SAVINGS BANKS SHARE OF ASSETS STATE BANK STATE BANKING STATE BANKS SUBSIDIARIES T-BILL T-BILL RATE Bertay, Ata Can Demirguc-Kunt, Asli Huizinga, Harry Bank Ownership and Credit over the Business Cycle : Is Lending by State Banks Less Procyclical? |
| description |
This paper finds that lending by state
banks is less procyclical than lending by private banks,
especially in countries with good governance. Lending by
state banks in high-income countries is even
countercyclical. On the liability side, state banks expand
potentially unstable non-deposit liabilities relatively
little during booms, especially in countries with good
governance. Public banks also report loan non-performance
more evenly over the business cycle. Overall the results of
the analysis suggest that state banks can play a useful role
in stabilizing credit over the business cycle as well as
during periods of financial instability. However, the track
record of state banks in credit allocation remains quite
poor, questioning the wisdom of using state banks as a
short-term countercyclical tool. |
| format |
Publications & Research :: Policy Research Working Paper |
| topic_facet |
ACCOUNTING ASSET QUALITY ASSETS OF STATE BALANCE SHEETS BANK ASSETS BANK CREDIT BANK INTERMEDIATION BANK LENDING BANK LOANS BANK REGULATION BANK SUPERVISION BANKING CRISES BANKING CRISIS BANKING RELATIONSHIPS BANKING SECTOR BANKING SECTOR OUTREACH BANKING SERVICES BANKING SYSTEMS BOND BUSINESS CYCLE BUSINESS CYCLES CAPITAL REQUIREMENTS CDS CHECKS CIVIL SERVICE COMMERCIAL BANKS CONSOLIDATION COOPERATIVE BANK CORPORATE GOVERNANCE CREDIBILITY CREDIT ALLOCATION CREDIT EXPANSION CREDIT GROWTH CREDIT RISK DEPENDENT DEPOSIT DEPOSIT LIABILITIES DEPOSITS DEVELOPING COUNTRIES DEVELOPMENT POLICY DOMESTIC BANK DOMESTIC BANKS DUMMY VARIABLE DUMMY VARIABLES ECONOMETRICS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC OUTCOMES EMERGING ECONOMIES EMERGING MARKET EMERGING MARKETS EMERGING STOCK MARKET ENDOGENOUS VARIABLES EQUITY LOANS ESTATE EXCHANGE RATE FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL INSTABILITY FINANCIAL INTERMEDIATION FINANCIAL STATEMENTS FOREIGN BANK FOREIGN BANKS FOREIGN OWNERSHIP FOREIGN OWNERSHIPS FUNDING SOURCE GDP GDP DEFLATOR GDP PER CAPITA GLOBAL BANKING GOOD GOVERNANCE GOVERNMENT BANK GOVERNMENT BANKS GOVERNMENT BUREAUCRACY GOVERNMENT OWNERSHIP GREATER CREDIT RISK GROWTH RATE INCOME INCOME GROUP INCOME GROWTH INEFFICIENCY INFLATION INTEREST EXPENSE INTERMEDIATION SPREADS INTERNATIONAL BANK INTERNATIONAL BANKS INTERNATIONAL FINANCIAL STATISTICS LIABILITY LIABILITY SIDE LIQUID ASSETS LIQUIDITY LOAN LOAN LOSS LOAN LOSS PROVISIONING LOAN LOSS PROVISIONS LOAN QUALITY LOAN RATIO LOCAL CURRENCY LONG-TERM LIABILITIES MACROECONOMIC CONTROLS MONETARY FUND MONETARY POLICY MORTGAGE NON-PERFORMING LOANS NONPERFORMANCE NUMBER OF BANKS OWNERSHIP STRUCTURE OWNERSHIP STRUCTURES POSITIVE COEFFICIENT POSITIVE COEFFICIENTS PRIVATE BANK PRIVATE BANKS PRIVATIZATION PROFITABILITY PRUDENTIAL SUPERVISION PUBLIC BANKS PUBLIC SERVICES REAL ESTATE REAL GDP REAL INCOME RECESSIONS RISK PROFILE SAVINGS SAVINGS BANK SAVINGS BANKS SHARE OF ASSETS STATE BANK STATE BANKING STATE BANKS SUBSIDIARIES T-BILL T-BILL RATE |
| author |
Bertay, Ata Can Demirguc-Kunt, Asli Huizinga, Harry |
| author_facet |
Bertay, Ata Can Demirguc-Kunt, Asli Huizinga, Harry |
| author_sort |
Bertay, Ata Can |
| title |
Bank Ownership and Credit over the Business Cycle : Is Lending by State Banks Less Procyclical? |
| title_short |
Bank Ownership and Credit over the Business Cycle : Is Lending by State Banks Less Procyclical? |
| title_full |
Bank Ownership and Credit over the Business Cycle : Is Lending by State Banks Less Procyclical? |
| title_fullStr |
Bank Ownership and Credit over the Business Cycle : Is Lending by State Banks Less Procyclical? |
| title_full_unstemmed |
Bank Ownership and Credit over the Business Cycle : Is Lending by State Banks Less Procyclical? |
| title_sort |
bank ownership and credit over the business cycle : is lending by state banks less procyclical? |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012-06 |
| url |
http://documents.worldbank.org/curated/en/2012/06/16447559/bank-ownership-credit-over-business-cycle-lending-state-banks-less-procyclical http://hdl.handle.net/10986/19936 |
| work_keys_str_mv |
AT bertayatacan bankownershipandcreditoverthebusinesscycleislendingbystatebankslessprocyclical AT demirguckuntasli bankownershipandcreditoverthebusinesscycleislendingbystatebankslessprocyclical AT huizingaharry bankownershipandcreditoverthebusinesscycleislendingbystatebankslessprocyclical |
| _version_ |
1756573710705229824 |