A theoretical model of bank lending: Does ownership matter in times of crisis?
- Autores
- Brei, Michael; Schclarek Curutchet, Alfredo
- Año de publicación
- 2015
- Idioma
- inglés
- Tipo de recurso
- artículo
- Estado
- versión publicada
- Descripción
- The present study investigates theoretically the lending responses of government-owned and private banks in the event of unexpected financial shocks. Our model predicts that public banks provide more loans to the real sector during times of crisis, compared to private banks which cut down on lending and increase liquidity holdings. We put forth three reasons for this heterogeneous behavior. First, the objective of public banks, in contrast to their private peers, is not only to maximize profits given risks, but also to stabilize and promote the recovery of the economy. Second, public banks may suffer less deposit withdrawals or avoid a bank run in a severe crisis, because the state has better access to additional funds making a recapitalization more likely. And finally, public banks may suffer less deposit withdrawals due to their higher credibility in promising a future recapitalization in the case of a severe crisis.
Fil: Brei, Michael. Centre National de la Recherche Scientifique; Francia. The University of the West Indies; Trinidad y Tobago
Fil: Schclarek Curutchet, Alfredo. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Departamento de Economía; Argentina - Materia
-
Financial Crisis
Bank Lending
Public Banks
Bank Runs - Nivel de accesibilidad
- acceso abierto
- Condiciones de uso
- https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
- Repositorio
- Institución
- Consejo Nacional de Investigaciones Científicas y Técnicas
- OAI Identificador
- oai:ri.conicet.gov.ar:11336/44885
Ver los metadatos del registro completo
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A theoretical model of bank lending: Does ownership matter in times of crisis?Brei, MichaelSchclarek Curutchet, AlfredoFinancial CrisisBank LendingPublic BanksBank Runshttps://purl.org/becyt/ford/5.2https://purl.org/becyt/ford/5The present study investigates theoretically the lending responses of government-owned and private banks in the event of unexpected financial shocks. Our model predicts that public banks provide more loans to the real sector during times of crisis, compared to private banks which cut down on lending and increase liquidity holdings. We put forth three reasons for this heterogeneous behavior. First, the objective of public banks, in contrast to their private peers, is not only to maximize profits given risks, but also to stabilize and promote the recovery of the economy. Second, public banks may suffer less deposit withdrawals or avoid a bank run in a severe crisis, because the state has better access to additional funds making a recapitalization more likely. And finally, public banks may suffer less deposit withdrawals due to their higher credibility in promising a future recapitalization in the case of a severe crisis.Fil: Brei, Michael. Centre National de la Recherche Scientifique; Francia. The University of the West Indies; Trinidad y TobagoFil: Schclarek Curutchet, Alfredo. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Departamento de Economía; ArgentinaElsevier2015-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdfapplication/pdfhttp://hdl.handle.net/11336/44885Brei, Michael; Schclarek Curutchet, Alfredo; A theoretical model of bank lending: Does ownership matter in times of crisis?; Elsevier; Journal of Banking & Finance; 50; 1-2015; 298-3070378-4266CONICET DigitalCONICETenginfo:eu-repo/semantics/altIdentifier/doi/10.1016/j.jbankfin.2014.03.038info:eu-repo/semantics/altIdentifier/url/https://www.sciencedirect.com/science/article/pii/S0378426614001216info:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by-nc-sa/2.5/ar/reponame:CONICET Digital (CONICET)instname:Consejo Nacional de Investigaciones Científicas y Técnicas2025-09-03T10:11:05Zoai:ri.conicet.gov.ar:11336/44885instacron:CONICETInstitucionalhttp://ri.conicet.gov.ar/Organismo científico-tecnológicoNo correspondehttp://ri.conicet.gov.ar/oai/requestdasensio@conicet.gov.ar; lcarlino@conicet.gov.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:34982025-09-03 10:11:05.513CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicasfalse |
dc.title.none.fl_str_mv |
A theoretical model of bank lending: Does ownership matter in times of crisis? |
title |
A theoretical model of bank lending: Does ownership matter in times of crisis? |
spellingShingle |
A theoretical model of bank lending: Does ownership matter in times of crisis? Brei, Michael Financial Crisis Bank Lending Public Banks Bank Runs |
title_short |
A theoretical model of bank lending: Does ownership matter in times of crisis? |
title_full |
A theoretical model of bank lending: Does ownership matter in times of crisis? |
title_fullStr |
A theoretical model of bank lending: Does ownership matter in times of crisis? |
title_full_unstemmed |
A theoretical model of bank lending: Does ownership matter in times of crisis? |
title_sort |
A theoretical model of bank lending: Does ownership matter in times of crisis? |
dc.creator.none.fl_str_mv |
Brei, Michael Schclarek Curutchet, Alfredo |
author |
Brei, Michael |
author_facet |
Brei, Michael Schclarek Curutchet, Alfredo |
author_role |
author |
author2 |
Schclarek Curutchet, Alfredo |
author2_role |
author |
dc.subject.none.fl_str_mv |
Financial Crisis Bank Lending Public Banks Bank Runs |
topic |
Financial Crisis Bank Lending Public Banks Bank Runs |
purl_subject.fl_str_mv |
https://purl.org/becyt/ford/5.2 https://purl.org/becyt/ford/5 |
dc.description.none.fl_txt_mv |
The present study investigates theoretically the lending responses of government-owned and private banks in the event of unexpected financial shocks. Our model predicts that public banks provide more loans to the real sector during times of crisis, compared to private banks which cut down on lending and increase liquidity holdings. We put forth three reasons for this heterogeneous behavior. First, the objective of public banks, in contrast to their private peers, is not only to maximize profits given risks, but also to stabilize and promote the recovery of the economy. Second, public banks may suffer less deposit withdrawals or avoid a bank run in a severe crisis, because the state has better access to additional funds making a recapitalization more likely. And finally, public banks may suffer less deposit withdrawals due to their higher credibility in promising a future recapitalization in the case of a severe crisis. Fil: Brei, Michael. Centre National de la Recherche Scientifique; Francia. The University of the West Indies; Trinidad y Tobago Fil: Schclarek Curutchet, Alfredo. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Departamento de Economía; Argentina |
description |
The present study investigates theoretically the lending responses of government-owned and private banks in the event of unexpected financial shocks. Our model predicts that public banks provide more loans to the real sector during times of crisis, compared to private banks which cut down on lending and increase liquidity holdings. We put forth three reasons for this heterogeneous behavior. First, the objective of public banks, in contrast to their private peers, is not only to maximize profits given risks, but also to stabilize and promote the recovery of the economy. Second, public banks may suffer less deposit withdrawals or avoid a bank run in a severe crisis, because the state has better access to additional funds making a recapitalization more likely. And finally, public banks may suffer less deposit withdrawals due to their higher credibility in promising a future recapitalization in the case of a severe crisis. |
publishDate |
2015 |
dc.date.none.fl_str_mv |
2015-01 |
dc.type.none.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion http://purl.org/coar/resource_type/c_6501 info:ar-repo/semantics/articulo |
format |
article |
status_str |
publishedVersion |
dc.identifier.none.fl_str_mv |
http://hdl.handle.net/11336/44885 Brei, Michael; Schclarek Curutchet, Alfredo; A theoretical model of bank lending: Does ownership matter in times of crisis?; Elsevier; Journal of Banking & Finance; 50; 1-2015; 298-307 0378-4266 CONICET Digital CONICET |
url |
http://hdl.handle.net/11336/44885 |
identifier_str_mv |
Brei, Michael; Schclarek Curutchet, Alfredo; A theoretical model of bank lending: Does ownership matter in times of crisis?; Elsevier; Journal of Banking & Finance; 50; 1-2015; 298-307 0378-4266 CONICET Digital CONICET |
dc.language.none.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
info:eu-repo/semantics/altIdentifier/doi/10.1016/j.jbankfin.2014.03.038 info:eu-repo/semantics/altIdentifier/url/https://www.sciencedirect.com/science/article/pii/S0378426614001216 |
dc.rights.none.fl_str_mv |
info:eu-repo/semantics/openAccess https://creativecommons.org/licenses/by-nc-sa/2.5/ar/ |
eu_rights_str_mv |
openAccess |
rights_invalid_str_mv |
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/ |
dc.format.none.fl_str_mv |
application/pdf application/pdf |
dc.publisher.none.fl_str_mv |
Elsevier |
publisher.none.fl_str_mv |
Elsevier |
dc.source.none.fl_str_mv |
reponame:CONICET Digital (CONICET) instname:Consejo Nacional de Investigaciones Científicas y Técnicas |
reponame_str |
CONICET Digital (CONICET) |
collection |
CONICET Digital (CONICET) |
instname_str |
Consejo Nacional de Investigaciones Científicas y Técnicas |
repository.name.fl_str_mv |
CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicas |
repository.mail.fl_str_mv |
dasensio@conicet.gov.ar; lcarlino@conicet.gov.ar |
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1842270144735215616 |
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13.13397 |