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 Redução do Setor Público Estadual na Atividade Bancária (PROES) in the late 1990s. S...
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| Format: | Policy Research Working Paper |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2005/06/6030511/state-bank-transformation-brazil-choices-consequences http://hdl.handle.net/10986/8212 |
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okr-10986-82122021-04-23T14:02:43Z State Bank Transformation in Brazil : Choices and Consequences Beck, Thorsten Crivelli, Juan Miguel Summerhill, William ADMINISTRATIVE COSTS AGRICULTURAL CREDIT BALANCE SHEET BANK PERFORMANCE BANK PRIVATIZATION BANK SUPERVISION BANKING SECTOR BANKING SYSTEM CENTRAL BANK DATA SHORTAGES DEBT DEBT RELIEF DEBT RESTRUCTURING DECREE DEFICITS DEPOSITORS DEPOSITS DICTATORSHIP ECONOMIC CONDITIONS ECONOMIC GROWTH ECONOMICS EMPLOYMENT FEDERAL GOVERNMENT FINANCIAL INDICATORS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL RESTRUCTURING FINANCIAL SECTOR FINANCIAL SYSTEM FINANCING CONSTRAINTS FISCAL FISCAL COSTS FISCAL DEFICITS FISCAL RESOURCES FOREIGN BANKS FOREIGN PARTICIPATION GOVERNMENT BANKS GOVERNMENT OWNERSHIP INFLATION INSTITUTIONAL FRAMEWORK INTEREST RATES JUDICIAL LIQUIDATION LEGISLATION LIQUIDATION LIQUIDITY MEASURES OF PROFITABILITY MORAL HAZARD NATIONS NONPERFORMING LOANS OVERHEAD COSTS PENALTIES POLITICIANS PREDICTIONS PRICE INFLATION PRIVATE BANKING PRIVATE BANKS PRIVATIZATION PRODUCTIVITY PROVINCIAL BANKS PUBLIC SECTOR RETURN ON ASSETS RETURN ON EQUITY SAVINGS SECURITIES SENATE SHAREHOLDERS SOURCE OF BANK EARNINGS STATE AUTHORITIES STATE BANKS STATE BONDS STATE GOVERNMENT STATE OWNERSHIP STATE SECTOR 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 Redução 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. 2012-06-15T20:43:40Z 2012-06-15T20:43:40Z 2005-06 http://documents.worldbank.org/curated/en/2005/06/6030511/state-bank-transformation-brazil-choices-consequences http://hdl.handle.net/10986/8212 English Policy Research Working Paper; No. 3619 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Latin America & Caribbean Brazil |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ADMINISTRATIVE COSTS AGRICULTURAL CREDIT BALANCE SHEET BANK PERFORMANCE BANK PRIVATIZATION BANK SUPERVISION BANKING SECTOR BANKING SYSTEM CENTRAL BANK DATA SHORTAGES DEBT DEBT RELIEF DEBT RESTRUCTURING DECREE DEFICITS DEPOSITORS DEPOSITS DICTATORSHIP ECONOMIC CONDITIONS ECONOMIC GROWTH ECONOMICS EMPLOYMENT FEDERAL GOVERNMENT FINANCIAL INDICATORS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL RESTRUCTURING FINANCIAL SECTOR FINANCIAL SYSTEM FINANCING CONSTRAINTS FISCAL FISCAL COSTS FISCAL DEFICITS FISCAL RESOURCES FOREIGN BANKS FOREIGN PARTICIPATION GOVERNMENT BANKS GOVERNMENT OWNERSHIP INFLATION INSTITUTIONAL FRAMEWORK INTEREST RATES JUDICIAL LIQUIDATION LEGISLATION LIQUIDATION LIQUIDITY MEASURES OF PROFITABILITY MORAL HAZARD NATIONS NONPERFORMING LOANS OVERHEAD COSTS PENALTIES POLITICIANS PREDICTIONS PRICE INFLATION PRIVATE BANKING PRIVATE BANKS PRIVATIZATION PRODUCTIVITY PROVINCIAL BANKS PUBLIC SECTOR RETURN ON ASSETS RETURN ON EQUITY SAVINGS SECURITIES SENATE SHAREHOLDERS SOURCE OF BANK EARNINGS STATE AUTHORITIES STATE BANKS STATE BONDS STATE GOVERNMENT STATE OWNERSHIP STATE SECTOR |
| spellingShingle |
ADMINISTRATIVE COSTS AGRICULTURAL CREDIT BALANCE SHEET BANK PERFORMANCE BANK PRIVATIZATION BANK SUPERVISION BANKING SECTOR BANKING SYSTEM CENTRAL BANK DATA SHORTAGES DEBT DEBT RELIEF DEBT RESTRUCTURING DECREE DEFICITS DEPOSITORS DEPOSITS DICTATORSHIP ECONOMIC CONDITIONS ECONOMIC GROWTH ECONOMICS EMPLOYMENT FEDERAL GOVERNMENT FINANCIAL INDICATORS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL RESTRUCTURING FINANCIAL SECTOR FINANCIAL SYSTEM FINANCING CONSTRAINTS FISCAL FISCAL COSTS FISCAL DEFICITS FISCAL RESOURCES FOREIGN BANKS FOREIGN PARTICIPATION GOVERNMENT BANKS GOVERNMENT OWNERSHIP INFLATION INSTITUTIONAL FRAMEWORK INTEREST RATES JUDICIAL LIQUIDATION LEGISLATION LIQUIDATION LIQUIDITY MEASURES OF PROFITABILITY MORAL HAZARD NATIONS NONPERFORMING LOANS OVERHEAD COSTS PENALTIES POLITICIANS PREDICTIONS PRICE INFLATION PRIVATE BANKING PRIVATE BANKS PRIVATIZATION PRODUCTIVITY PROVINCIAL BANKS PUBLIC SECTOR RETURN ON ASSETS RETURN ON EQUITY SAVINGS SECURITIES SENATE SHAREHOLDERS SOURCE OF BANK EARNINGS STATE AUTHORITIES STATE BANKS STATE BONDS STATE GOVERNMENT STATE OWNERSHIP STATE SECTOR Beck, Thorsten Crivelli, Juan Miguel Summerhill, William State Bank Transformation in Brazil : Choices and Consequences |
| geographic_facet |
Latin America & Caribbean Brazil |
| relation |
Policy Research Working Paper; No. 3619 |
| description |
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 Redução 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. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Beck, Thorsten Crivelli, Juan Miguel Summerhill, William |
| author_facet |
Beck, Thorsten Crivelli, Juan Miguel Summerhill, William |
| author_sort |
Beck, Thorsten |
| title |
State Bank Transformation in Brazil : Choices and Consequences |
| title_short |
State Bank Transformation in Brazil : Choices and Consequences |
| title_full |
State Bank Transformation in Brazil : Choices and Consequences |
| title_fullStr |
State Bank Transformation in Brazil : Choices and Consequences |
| title_full_unstemmed |
State Bank Transformation in Brazil : Choices and Consequences |
| title_sort |
state bank transformation in brazil : choices and consequences |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2005/06/6030511/state-bank-transformation-brazil-choices-consequences http://hdl.handle.net/10986/8212 |
| _version_ |
1764407513468370944 |