Kleymenova, Anya, Rose, Andrew K, Wieladek, Tomasz, (2016), “Government intervention reduces banking globalisation”, Voxeu, 5 Απριλίου
Post-crisis banking is in trouble, with cross-border bank lending significantly slower than before. Many economists think that this is down to complications from government ownership. This column argues that although government ownership is not the only possible friction or reason for cross-border bank lending, it is an inhibitor of cross-border bank activity in both the UK and the US. If the same mechanism applies to other countries around the world, then global banking intermediation may rebound once again, once banks are privatised.
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- Goodhart, Charles A.E., Schoenmaker, Dirk, (2016), “The US is beginning to dominate global investment banking: Implications for Europe”, Voxeu, 28 Μαρτίου
- Ongena, Steven, Popov, Alexander, Van Horen, Neeltje, (2016), “The invisible hand of the government: “Moral suasion” during the European sovereign debt crisis”, Centre for Economic Policy Research, Μάρτιος.