The Threat of Capital Drain: A Rationale for Public Banks?

This paper yields a rationale for why subsidized public banks may be desirable from a regional perspective in a financially integrated economy. We present a model with credit rationing and heterogeneous regions in which public banks prevent a capital drain from poorer to richer regions by subsidizin... Ausführliche Beschreibung

1. Person: Hakenes, Hendrik
Weitere Personen: Schnabel, Isabel
Format: Buch
Veröffentlicht: Bonn Max Planck Institute for Research on Collective Goods 2006
Beschreibung: 33 p.
Schlagworte: G21 F36 H11 L33 Public banks cooperative banks capital drain credit rationing financial integration privatization
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