Gerard, Jr. Caprio Jonathan L. Fiechter Robert E. Litan
Research suggests that if the majority of a country's financial institutions are owned by the state, that country will experience slower financial development, less efficient financial systems, less private sector credit, and slower GDP growth. Yet more than 40 percent of the world's population live in countries in which public sector institutions dominate the banking system. In "The Role of State-Owned Financial Institutions: Policy and Practice" noted experts discuss the challenges presented by state-owned financial institutions and offer cross-disciplinary solutions for policymakers and...
Research suggests that if the majority of a country's financial institutions are owned by the state, that country will experience slower financial ...
